Home Sales In Albuquerque finished on a 2 year high. Pending sales have not been as high in the previous 2 years. In August 2009 sales were up 36% on August 2008 figures. ( according to GAAR )Pending sales were 986 for Aug 2009. The chairman Don Padilla says ” The market is definitely a buyer’s market and it looks like we’ve hit bottom pricing wise.” ( source Abq Journal ). The median home sale price in Aug 09 was $186,000. July 2009 there were only 4 homes priced over $1 million that sold. Closed sales for August were down 135 compared to July’s 735. Approximately 30% of homes sold so far this year house been sold to first time home buyers, probably making the most of the $8000 tax credit that is on offer until 30th November 09. No news yet on the possible extension, but when we find out you will know. We shall post an update on the $8000 tax credit whatever the outcome is, whether it is being extended or not. The average home, that is for sale is taking about 80 days to find a buyer.
Abq Summer Sales Finish On A High
October 5th, 2009Is The $8000 First Time Home Buyer Tax Credit, Will It Be Extended?
September 28th, 2009Momentum is growing in Washington to extend the $8000 first time home buyers credit which expires 11/30/2009. It has been calculated an additional 400,000 homes have been bought using the $8000 tax credit. The first time home buyers tax credit has been part of the federal effort to kick start the devastated real estate market. According to the IRS around 1.4 million people have claimed the $8000 tax credit so far. Some analysts believe the tax credit has created little stimulus for new sales but given Americans whom would have bought a home a windfall, saving them $8000. Because the key committees are focused on the health care legislation, look like we are in for an anxious wait to see if the First Time Home Buyers tax credit is extended or not.
Hey All It Has Been A Few Days
September 18th, 2009Hey All It Has Been A Few Days but is always busy for us the last few days,Getting away for the weekend again, camping trip for the weekend will give us all a well deserved break Before the start of next week which will be fully loaded for us…. We’re finally starting to move our properties and lead generation is finally coming together.
We are looking for BPO and real estate agents too work with us, We have developed a good system which will give you higher returns (basically more dollars in your pocket). We looking for people to invest with us also.If You are interested Our link is on Face Book.
Have a great weekend
Hey camping was a blast and also have an amazing real estate property – great cashflow property
August 19th, 2009Camping at Cochiti Lake was amazing and so relaxing and the amount of humming birds there was overwhelming. I have never seen so many. Also what surprised me was the rock formations at Tent Rock National Monument, we stayed there for 2 nights did not get too cold during the nights, and the lake there was something else, you can boat there and fish, a pontoon was there which was floating ended up laying on that, the movement created by the gentle waves had a calming of the mind affect. So if you want to get away I would recommend it, I will go back again.
We are selling a duplex, Down Town, Albuquerque
This property has many upgraded features including upgraded bathrooms, tiled throughout both properties, deep pile carpets in the bedrooms**, custom counter top, faucets and light fixtures.
2 bedroom,1 bath & 1 bedroom 1 bath
Down payment $4400
Monthly payment $995*
*approximate
**only in south apartment
Looking for extra rental income? why not rent out the studio to help with the mortgage.
A comp has been done on some similar properties near by
the 2 bedroom apartment could rent for $750-850*
and the studio apartment could rent for $500-600*]
click here for further information
to contact us click here
Hey there
August 7th, 2009Been a relatively busy week for us, there are plans in place for a camping trip coming up soon, it will gives us a much needed break from work which we all need once in a while. We will end up somewhere around Jemez Springs, NM.Something we are really looking forward too is the chance to have a cold beer next to the fire pit, what else is there that is more relaxing sitting by the fire with family and friends and enjoying each others company. Posts some photo’s on facebook when I get back, do you want to become friends? here is my link to facebook
Have a good week
Stephen
There is a new group on Facebook
July 8th, 2009We have decided to create a group, where people can join and along the way hopefully we all will pick up a couple of new friends along the way
here is the link: http://www.facebook.com/topic.php?topic=9802&uid=99207558595#/group.php?gid=102033537218
Don’t forget to join us there
