Important Mistakes to Avoid as a First Time Home Buyer in Albuquerque

First-time buyers also tend to fall in love with a house without considering their short- and long-term needs. For example, those who want kids should choose a house that has enough room and is close to reputable schools. If both spouses are working, proximity to work place should also be considered.

As a first time home buyer in Albuquerque, a newlywed couple may also neglect the importance of hiring a good real estate agent. The home-buying process involves a lot of legalities and paperwork, and going to open houses can be very time consuming. A trusted agent like Chad Petty of Equity NM Realty will ensure that all the legwork are taken care of and will show clients only properties that meet their needs so they can find their dream home as soon as possible.

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A Few Helpful Tips for a Fresh-Faced Albuquerque First Time Home Buyer

With home prices on the decline, the market presents the perfect opportunity for buyers to dive in and start snapping up properties. In particular, those who are looking to buying a home for the first time should take advantage of the situation, before home prices and interest rates start rising the following year. The smart Albuquerque first time home buyer will understand that the process can be confusing for someone without experience, and will enlist the aid of a local real estate expert like Chad Petty to close a favorable deal. Those buying their first home might want to consider a foreclosed property or a short sale. Such homes are typically sold at very attractive prices, and may be perfect for first-time buyers, who are typically younger professionals just starting to make strides in their careers. Acquiring foreclosed properties means the new owners get to pick up the previous owner’s equity, resulting to savings.

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