Real Estate
Since its settlement in 1706, Albuquerque, New Mexico, has grown into a metropolis of over 700,000 people. The Sandia Mountains tower over one side of Albuquerque, while the Rio Grande Valley stretches out from the opposite side. The history and Southwestern culture of New Mexico add flair and flavor to the industry and economic progress of the city.
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| Population 448,607 | Median Age 34.9 yrs | Household Size: 2.40 |
| Avg Commute: 20.4 min | Avg Income $38,272 | Avg Home Value: $127,600 |
| July High: 91.5°F | January Low: 22.2°F | |
Albuquerque Buying Tips and Advice
Buying a home is an exciting investment, but that doesn’t mean it isn’t scary or complicated. There’s a lot to remember and a lot to learn during the process. With the proper approach, however, there’s no reason a buyer can’t make a purchase he or she will be happy with for years to come. If you’re considering buying a home in Albuquerque use these steps to make your real estate transaction easier.
1. Select a real estate professional. Qualified real estate agents have the experience and expertise to help you find the home you want. As you choose among real estate professionals, find out how long they have been working in the business and ask if they are members of any professional organizations. Don’t be afraid to consult references before making a final decision.
2. Obtain financing. Consult with a lender and make sure you know your budget.
3. Prioritize wants. Determine what you can and cannot live without in your new home. You may want to make a checklist and take it with you as you visit properties.
4. Choose a home. Remember that choosing a house also means choosing a neighborhood and community to call home. Consider crime statistics, demographics and proximity to shopping districts in your decision.
5. Close the deal. Your real estate agent can help you sift through the paperwork to clarify terminology and to make sure everything is in order with your purchase.
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®