About: I grew up in Albuquerque and I actively buy and sell here as a real estate investor, so I know the market extremely well. I specialize in family purchases I grew up in Albuquerque and I actively buy and sell here as a real estate investor, so I know the market extremely well. I specialize in family ...
About: I grew up in Albuquerque and I actively buy and sell here as a real estate investor, so I know the market extremely well. I specialize in family purchases I grew up in Albuquerque and I actively buy and sell here as a real estate investor, so I know the market extremely well. I specialize in family purchases as well as forecolsures, pre-foreclosures and short sales, so I always have lines on homes that I can help buyers pick up well below market value! I was a contract negotiator at Sandia National Laboratories for the US Dept of Energy and I hold a Masters Degree in Business Management (MBA), so I have very powerful negotiating skills and a strong understanding of contract risk management that I would be happy to put to work for you. Furthermore, I maximize use of technology to give you an edge, and to conveniently communicate and team with you to find the right home or investment, or to sell quickly. Finally, my services are flexible and my commission rates are negotiable - I even share commissions with my buying clients - since most of you are online doing much of the legwork already - you deserve some of the reward! Call or email me for more information - use me as little or as much as you would like as your free local expert resource!See More
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Answered: Sep 7, 2012
Lots of brokers want your business Marina, clearly. Post your criteria here and see who best responds. Choose the top 3 and interview them. Decide who you click with and go with them! I am ready to compete for your business. ;o)
Answered: Jul 30, 2012
You should be able to qualify for whatever home's payment will keep your total monthly debt under about 40% of your gross income. So, pull your credit report (can get 1 free per year from each - Equifax, Transunion, Experian) by going to AnnualCreditReport dot com. Add up all of your monthly obligations that show up on that report and subtract that from 40% of your monthly gross income, which is $1833, the result is the total PITI pmt you will be approved for. For example, if your total monthly debt right now on your credit report is $833, you will likely be approved for right about $1,000/month, which will include your principle, taxes, insurance, and PMI... so with rates at about 3.75%, you could qualify for a typical home of about $160K, if you put the minimum 3.5% down, meaning you will need at least $6K to get into it. I would then shop up to about $175K, assuming you can negotiate the sellers down (with the right agent on your side, of course). I would be happy to meet with you in my office to pinpoint this amount and then point you to the best mortgage deals in town, and then find you the best house we can for that money. I can also just email you a spreadsheet calcluator I created that you can just plug your numbers in and it will tell you your answer. Contact me directly for either. Happy house hunting, now is the time to buy my friend! --- David Stafford
Answered: May 29, 2012
That home is not currently listed for sale in MLS, and hasn't been since 2009. Can I assist you with information on any others? David Stafford 360 Ventures Real Estate 15057503360 real-estate-albuquerque dot com
Answered: Apr 1, 2012
In answer to: Is this home dog friendly? And does it have a back yard?
Broker does not mention whether pets are ok, which often means they will at least consider them. There is a backyard/patio, that looks to be about 30' x 12'. I would be happy to meet you here to see it. In the meantime, here are some other avaialble 3BR rentals in the same price range, contact me anytime for a list! Happy house hunting! --- David
Answered: Dec 9, 2011
VA is still zero down and FHA is 3.5% down, but there are programs for less down, like MFA programs and there is a great HUD program called the Neighborhood Stabilization Program (NSP), through which you can buy a home with little to nothing down and the city or MFA (outside Abq city limits) will subsidize you up to $50k by providing a soft 0% second mortgage! What does this mean? Well I found one for my daughter's 2nd grade teacher, and it worked like this: the house was purchase by a local contractor for $120k and he spent $50k to remodel it. My daughter's teacher and her husband then put it under contract for that total of $170k, but they only qualified for $120k, so the city subsidized the remaining $50k, meaning they are now living in a fully remodeled 1800 sqft 4BR 2Ba home near Eubank and Constitution paying only $862/mo! Now, if in the city, the soft second does need to be repaid when they sell it, whether that is five years or 50 years, but they never have to make a payment on it! If this house was in Rio Rancho, it would fall under MFA's administration of the program, and they offer full forgiveness of the soft second mortgage if you live in the home for 10 years! So, you can see how this can accelerate your financial plans, and put you in a nicer home than you might normally afford! Please contact me any time for a list of these homes, there are only about 15 or so left, not sure if more funding will extend the program, so act soon by! Call, email, or text me anytime to see these homes or with questions. Happy House Hunting!
Answered: Nov 28, 2011
This house is no longer available as far as I can see in our local listings. Looks like it was rented. We have a bit of a shortage of rentals here in ABQ, getting more noticeable as the year goes on. You can buy a pretty nice home in town for that same monthly payment. I am a US Navy veteran and do tons of business with our Kirtland families, from renting to buying and selling. I manage two rentals right now for my past military buyers and they are very happy renting out there homes here. This year is the first time you can buy for less than renting in many areas, due to low rates and lower prices, as well as few rentals and increasing rents. I would be happy to be a free local expert resource for you here and can send you plenty of references. I just put a house under contract for a family transfering from Lackland in San Antonio, they will close on Dec 15th. Anyhow, consider buying a house here that you could then rent when you leave. Let me know if I can be of any assistance in anything Albuquerque related! Happy house hunting! -- David Stafford, 360 Ventures Real Estate
Answered: Oct 12, 2011
In answer to: how much does this service cost
Q&A is always free here... and on Trulia. You can shop online free too. As Tom says, using a professional broker when you are buying is also free to you... selling a home is negotiable, often 4-7% in ABQ... some brokers are more negotiable than others... and some are much better than others.
Answered: Sep 27, 2011
You can bid anything you want, but whether it is worth your time and effort depends on how the price compares to the current market value. A bank is only going to sell for so much below value, and some price more aggressively than others. If the price is already a bargain, they will not drop much off list price, if it is not, and it has been on the market for 90 days, you can likely get quite a discount. Every bank and every property is different and you need to read the signs to find a great deal.
Answered: Sep 27, 2011
Some sellers are willing to consider a lease option, however, with rates as low as they are, and as short as we are on rentals here, you might want to consider buying straight away. If you have the right broker, you will be able to do much better than renting this Fall. I just showed one of my rentals to a new couple that had been in town for 2 days and I showed them 10 homes they could buy for less than they could rent and they are closing in two weeks and are ecstatic! I work with lots of out of state military clients and Sandia Labs folks, so I can assure you I can helpy you understand Albuquerque and the different options quickly. Feel free to contact me by email, txt, or phone anytime. Happy house hunting, and welcome to Albuquerque, you will love it here!