Real Estate Information

Albuquerque Real Estate Blog

The Schnoor Team

Blog

Displaying blog entries 1-10 of 60

Moving With Pets

by The Schnoor Team

One of the most overlooked parts of moving with pets, is our pets! Sure, you’re aren’t going to forget your pets, but many people underestimate how complex a task it can be! It can quickly become stressful for both you and your pet. This blog will help the transition be as smooth as possible for both you and your pets.

Prep Work

Avoid hassle by planning ahead with these simple steps when moving with you

One of the most important preparations to moving is to keep a normal routine for your pet. Leave their beds, litter boxes, and food dishes in their usual places up until moving day. The same goes for their meal times.

If at all possible, try to pack little by little leading up to moving day. This will help lessen the confusion of a complete and sudden change in their environment.

Seal Boxes.

I know this sounds like a pain, especially the farther away from moving day you are, but most pets are naturally curious and they may unpack some boxes for you way ahead of time.

Don’t ignore your pets. I know that this time will be crazy for you but imagine how your pets feel. They may be more stressed out than they let on so make sure you give them some attention.

A Short Car Ride

If you are only moving a short distance away, it is a good idea to get your pets acquainted with your new home. Take a short car ride to your new home and let you pet explore it for themselves. It doesn’t need to be a day trip, just an hour or two. Make sure you secure all exits (doors, windows, gates, etc.) so they don’t make a getaway.

Long Car Ride

If your pets don’t have much travel experience, start taking them on short car rides a few weeks before the move. Moving day will be much less stressful if they are used to car travel.

Make sure you get reservations at pet-friendly hotels/motels ahead of time. Most hotels/motels are not pet friends and getting one on short notice can be problematic.

Put together a “Travel Kit” for your pets. Include in this kit food, litter (for a cat), bottled water, a few treats, their favorite toy, paper towels, leash, any medication they need, and air freshener.

Air Travel

Find out about your airlines policy on pets as early as possible. They will have regulations that have to be met before they board your pet.

Reserve a spot for your pet as early as possible. Space for pets is limited so reconfirm 48 hours before departure.

Book a direct flight, if possible. The fewer layovers and stops will reduce the stress on your pet.

It is usually required to have identification tags must be present on your pet at all times. Even if your pet is microchipped, make sure your pet has id tags on his collar.

Other Tips

  • Check on local ordinances. Some states and cities have restrictions on so-called aggressive breeds.
  • Pack a recent photo and written description of your pet just incase your pet pulls a Harry Houdini and escapes.
  • Obtain a copy of your animals health records from your vet. And research a new vet near your new home.

Need additional relocation information? Contact The Schnoor Team Today! 


Refinancing Your Home Mortgage and Why YOU Should Do it Now!

by The Schnoor Team

 

Anyone who is looking at refinancing their home mortgage will inevitably come across the “Big Four” reasons to refinance. However, there are many more reasons that depend on your specific lifestyle and your future financial planning.

First, let’s quickly go over the “Big Four” for those who haven’t.

You will almost certainly get a lower interest rate.

Current interest rates are still hovering at near-historic lows and most likely are lower than the interest rate you currently have.

You will save money.

Having a lower interest rate means you will have a lower mortgage payment each month. Not only that, if your financial status and credit score have improved you will now be eligible for an even lower rate.

You will build more Equity, faster.

Your lower interest rate will result in more of each payment actually going toward your principal payoff.

You will pay less interest to the bank.

As more of each payment goes toward the principal payoff, less of that payment is going to the bank as interest on the loan.

More Reasons to Refinance

Those are all certainly great reasons to refinance but what other reasons could there be to entice you to refinance? We have added another four reasons for you to consider. These depend heavily on your lifestyle, financial situation, and your own future plans.

You may want to INCREASE the term of your mortgage.

Changing from the number of years left on your mortgage to a new 30-year mortgage will result in even lower monthly payments and you will save more each month. The tradeoff is that, in the long run, you will increase the amount of interest paid to the bank and it will also decrease the rate that you build equity.

You may want to DECREASE the term of your mortgage.

Depending on your financial planning, you may be able to convert from a 30 year mortgage to a 15 year mortgage. The big advantage here is that banks will offer you an even LOWER interest rate, therefore increasing the rate at which you build equity. The downside, of course, is that your monthly payments will be higher. This does mean that you will pay off the mortgage sooner which results in NO monthly mortgage payments.

Debt Consolidation

This new, low interest, single payment will allow you to get rid of high interest, high monthly payments on a 2nd mortgage, home equity loan, or other debts such as credit cards or car loans.


Changing to or from an Adjustable Rate Mortgage (ARM)

You may be at a point where you want to get rid of your current ARM, or balloon payment, or you may want to change TO an ARM. Either of these choices really depends on your specific financial situation, planning, and goals.

The Down Sides

Now that we have gone over 8 reasons that make refinancing seem like a ‘can’t miss’ opportunity but refinancing isn’t for everyone. There are some situations and instances that eliminate refinancing as a good option. Let’s go over 4 situations/considerations that will steer you away from refinancing.

Older Mortgages

As your mortgage ages the proportion of your payment that is credited to the principal of your loan increases substantially each year, while the proportion credited to the interest decreases. You will lose those perks by refinancing late in the term of your mortgage.

Potential/Planned Move

If you plan to move from your home in the next few years, the monthly savings gained from the lower monthly payments may not exceed the costs and inconvenience of the process of refinancing. You will need to carefully calculate the costs of refinancing to determine if it is worthwhile and profitable to refinance if you are planning to move in the near future.

Prepayment Penalty

If you pay off your Mortgage loan early, including for refinancing, you should carefully consider the costs of any prepayment penalty against the savings you expect to gain from refinancing. Again, a break-even analysis is necessary.

The Cost of Refinancing

Nothing is free and refinancing your home mortgage is no exception. You will need to seriously consider the actual cost of refinancing in addition to the terms and condition of your new mortgage.

With every new mortgage there are closing costs. These can amount to 3% to 6% of the loan amount. These include, but are not limited to:

  • Loan Origination Fees
  • Credit Report
  • Recording Fees
  • Title Policy
  • Title Company Fees
  • Appraisal
  • Survey

Lenders may be able to waive many of these items reducing your cost refinancing.

Be sure to look carefully at the details of the specific mortgage you are getting not just the interest rate. The terms and conditions of the mortgage are also pretty important and are often overlooked when refinancing.

At the end of the day, your decision must be based on the numbers. How many months of lower payments will it take to recoup your closing costs of the new mortgage? Are the costs too excessive? Will you be able to truly benefit from refinancing? Only after you’ve considered all of the costs and benefits should you make your final decision.

Get experience on your side and contact The Schnoor Team Today!

Route 66 Summerfest

by The Schnoor Team

 


Route 66 Summerfest

From 3 p.m. to 10 p.m., Saturday, July 22, 2017, at Historic Nob Hill.

Mayor Richard J. Berry, Nob Hill Main Street, and New Mexico Jazz Festival invite you to the annual celebration.

Located in Historic Nob Hill, Route 66 Summerfest will take place on Central Ave. between Carlisle Boulevard and Girard Boulevard. This free event features fun for the whole family including the Old Route 66 Car Show, Mother Road Art Market, Kids' Zone & Youth Central, food trucks and live entertainment on three stages throughout Nob Hill.

Route 66 Summerfest is free to the public. Pets are welcome on leashes. This is a rain or shine event.

Entertainment

National Headliner - Los Lobos

Originally called Los Lobos del Este (de Los Angeles), a play on a popular norteno band called Los Lobos del Norte, the group originally came together from three separate units. Lead vocalist/guitarist Hidalgo, whose arsenal includes accordion, percussion, bass, keyboards, melodic, drums, violin and banjo, met Perez at Garfield High in East LA and started a garage band. Rosas, who had his own group, and Lozano launched a power trio.

They were Sunset Strip regulars and a Grammy-winning band (Best Mexican-American/Tejano Music Performance) by the time they recorded How Will the Wolf Survive. Perez, once called their powerhouse mix of rock, Tex-Mex, country, folk, R&B, blues and traditional Spanish and Mexican music "the soundtrack of the barrio."

Three decades, two more Grammys, the global success of "La Bamba" and thousands of rollicking performances across the globe later, Los Lobos is surviving quite well -- and still jamming with the same raw intensity as they had when they began in that garage in 1973.

Entertainment Schedule

Main Stage: Monte Vista Blvd. & Girard Blvd.

East Stage: Central Ave. & Carlisle Ave. (Nob Hill Business Center)

Cork & Tap: Bryn Mawr Dr.

​​

Food & Drink

Great food and delicious drinks for those of all ages can be found on just about any corner in Nob Hill at Route 66 Summerfest. Grab something quick from a food truck or relax in one of the many amazing restaurants in the area.

Cool down with a beer, glass of wine or cocktail in our Cork & Tap | Wine and Beer Garden (on Bryn Mawr Dr., between Central Ave. and Silver Ave.) or at any of the numerous local bars for the 21+ crowd. Grab a drink from companies including:

Mother Road Art Market

Stop by our artisan market for anything and everything. One of many local artisans has what you're looking for. Find that special piece that brings any room together, get your next favorite T-shirt or a gift for that special someone.

There will be plenty to choose from such as handmade soaps, jewelry, art, housewares and so much more.

Shop local and support all establishments throughout Nob Hill, in and around the event. Event-goers can easily get to east Nob Hill by taking free shuttles that will run throughout Route 66 Summerfest. 

Kids' Zone & Youth Central

Route 66 Summerfest is the perfect place to bring the kids, with plenty of free children's activities. Get your face painted or try your hand on the 25-foot rock climbing wall. They can also reach for the stars in one of the many jumpers. In addition, the Kids' Zone & Youth Central will have a stage of their own (located at Central and Tulane), featuring some of Albuquerque's best youth acts from 3 p.m. to 7:30 p.m.  

Old Route 66 Car Show 

The Old Route 66 Car Show will be back to wow car enthusiasts of all ages, located on Monte Vista Blvd. between Richmond Dr. and Campus Blvd. Entries may register the day of the event for $20. Car show entries, view map and directions here

Getting There

Free Park & Ride

Parking is available at the lot on the southwest corner of Lomas Blvd. and University Blvd. (view map). Free buses will run from the lot to Johnson Field throughout the event. 

Free Shuttles Provided By Airport Parking

Take advantage of free shuttle service on the east side of Nob Hill at three stops along Central Ave.: at O'Neill's on Washington St. (view map), at Morningside Dr. (view map) and at Carlisle Blvd. (view map). The shuttles will loop throughout the event for shopping and parking in east Nob Hill. 

Getting There by Bike

Take advantage of the free bike valet provided by Esperanza Bicycle Safety Education Center. Bike valet parking will be hosted in the Fan Tang parking lot (view map).

GET YOUR TICKETS AT: https://www.visitalbuquerque.org/abq365/events/detail/Route-66-Summerfest/31627/​

Home Selling Tips & Tricks

by The Schnoor Team

 

Stay ahead of the game with current real estate information and tips that will save you time and money!

1.  Quick Fixes To Sell Your Home Faster

  • Flooring – Replace worn or stained carpet.  Always choose a neutral color.  Replace chipped or cracked tiles and clean or replace the grout.
  • Paint Ceilings and Walls – Buyers look at ceilings for leaks.  Make sure they don’t see grease, smoke or cracks!
  • Kitchen Improvements – Beat up or old cabinets could kill your sale.  Low to mid-range kitchen remodels return the most money.  Granite counter make a great impression!  Fix that leaky faucet!
  • Bathrooms – The national average of recouped cost is over %100 for bathrooms!
  • Roof & Exterior – Another big selling point.  If it needs to be fixed…DO IT.
  • Patch cement
  • Resurface asphalt
  • Plant flowers
  • Caulk windows
  • Replace knobs and locks
  • Paint & repair fences

2.  When to get a home inspection

  • Having an inspection done before you list the home is a good idea because it allows you to identify and repair any issues, which might jump out at a prospective buyer.
  • A typical inspection will run between $200 and $400 for a three or four bedroom home.
  • Because most buyers will have an inspection done anyway, you place yourself ahead of the competition by volunteering the inspection and results.
  • Recent statistics show that for every $1 of identified repairs, the buyer is likely to ask for double that in a price reduction.


3.  Beat The Sluggish market

  • Use the secrets of staging experts, or hire one.
  • Find out what’s wrong with the house and get it fixed.
  • Come up with a comprehensive home-selling strategy.
  • Offer incentives that put money in the buyer’s pocket.
  • Make the house move-in ready. Throw in the furniture, flat-screen TV, washer/dryer, appliances, backyard Jacuzzi AND the kitchen sink.

4.  Some Home Improvement Facts…

  • Not all remodels are good.  Keep the buyer’s interest in mind, not your own.
  • Do it yourself.  You may be convinced that you can do it just as well as a contractor, but news flash! You can’t.
  • Pools add value.  In many areas, a pool is a big liability and a pain to maintain.  A swimming pool can easily turn into a money pit.
  • Follow the latest design trends.  Trends fade and must be updated.  Neutral color and design are the safest bet!

5.  Is it Real Property or Personal Property?

What goes with the home and what stays?  The general rules is:  “If it is attached to the structure or to the ground, it stays with the house.”

NM True TV: New Mexico Traditions

by The Schnoor Team

From hot air to hot chile, from parades celebrating our departed loved ones to communities celebrating a pig roast New Mexico is loaded with traditions. We even take time each autumn to ceremonially burn our gloom. In a state rich with diverse cultures and blended history, our traditions are unique. And in every case they provide a great excuse to get off the couch and get out there to take part.

Take a peak at this episode of NM True TV!

Looking for more information about New Mexico? Contact The Schnoor Team Today!


8 Tips to Find The Right Home For You

by The Schnoor Team

 

Buying a Home? How To find the right home? 
If you are going to find your dream home, you need a plan. In order to help you to set off on this journey we have compiled a list of 8 tips to help you answer those questions you need to ask in order to make sure you buy the right home for you!

Buying a Home? How To find the right home?

Tip #1 Talk to Yourself
Ok, don’t start ACTUALLY talking to yourself but understand what type of home will suit you. Would you like a new home or will an existing one work for you? Single or multi-story? Would you be able to handle a fixer-upper?

Buying a Home? How To find the right home?

Tip #2 Do Some Homework
After deciding what you want in a home, take that list and figure out what are necessities and which features are not deal breakers. Figure out a few different neighborhoods where you would like to live! Find out commute time, schools, crime, style, etc. for each neighborhood. Plug what you want into an online real estate search. Get a good feel for the prices that are coming up and get rid of some of the properties you don’t want.

Buying a Home? How To find the right home?

Tip #3 Sort Out Your Finances

As a rule of thumb, you can usually afford a home priced two to three times your gross income. Create a budget and work out how much you would be comfortable spending each month on your payment. A major mistake is to wait until you’ve already found a home to see if you can afford it. Getting pre-qualified by a lender will let you know how much you are eligible to borrow and give you a better handle on what is in your range.

Buying a Home? How To find the right home?

Tip #4 Plan Ahead

Do you have credit issues that may take time to clear up? When is your current lease up? When do you need to be out of your current residence? Each of these has a tendency to come back and bite you if you don’t take care of it early.
The Future
What are your plans in life? Is this home just a starter house that you’ll sell in a few years? Is it going to be a long term house of five years or more? A starter home doesn’t need to meet all your expectations but a long term house will need to still keep you happy years from now.

Buying a Home? How To find the right home?

Tip #5 Work With A Professional

Ask people you trust for referrals to a real estate professional they trust. Interview agents to determine which have expertise in the neighborhoods and type of homes you’re interested in. Because homebuying triggers many emotions, consider whether an agent’s style meshes with your personality.

Buying a Home? How To find the right home?

Tip #6 Check Out Buyer Agency

The Schnoor Real Estate Team of Las Cruces will provide you with a Personal Buyer’s Agent.

Also ask if the agent specializes in buyer representation. Unlike listing agents, whose first duty is to the seller, buyers’ reps work only for you even though they’re typically paid by the seller. Finally, check whether agents are REALTORS®, which means they’re members of the NATIONAL ASSOCIATION OF REALTORS®. NAR has been a champion of homeownership rights for more than a century. For detailed information about why Buyer Agency is so important:
Visit our Buyer Agent Page

Buying a Home? How To find the right home?

Tip #7 Be Realistic

It’s OK to be picky about the home and neighborhood you want, but don’t be close-minded, unrealistic, or blinded by minor imperfections. If you insist on living in a cul-de-sac, you may miss out on great homes on streets that are just as quiet and secluded.

On the other hand, don’t be so swayed by a “wow” feature that you forget about other issues-like noise levels-that can have a big impact on your quality of life. Use your priority list to evaluate each property, remembering there’s no such thing as the perfect home.

Buying a Home? How To find the right home?

Tip #8 Keep the Cooks To A Minimum

It’s natural to seek reassurance when making a big financial decision. But you know that saying about too many cooks in the kitchen. If you need a second opinion, select one or two people. But remain true to your list of wants and needs so the final decision is based on criteria you’ve identified as important.


Why do you think you can't buy a home?

by The Schnoor Team

The 6 Great Myths

New Mexico Real Estate and homes are available and affordable. These are the 6-reasons people believe they cannot buy a home, and they are just not true. Here are the top 6 reasons people think they can’t buy a home, Let me show you why they are really not true AND WHY YOU PROBABLY CAN BUY A HOME IN Albuquerque, Santa Fe or anywhere else!

#1 REASON

I don’t have enough money for a down payment
This is probably the most common justification for not making the leap into home ownership. After all, few people have a huge chunk of cash lying around and you need 20% down to buy a home, right? Wrong. Needing a 20% down payment has lingered as a myth for years and causes many potential home buyers, to miss out on getting into a home.

YOU NEED TO KNOW THAT with a loan backed by FHA or VA you can usually get by with a down payment of 3% to 5%. In NM -The Mortgage Finance Authority or MFA First Home Program offers loans with competitive interest rates to first-time homebuyers WITH THE DOWN PAYMENT AND CLOSING COSTS COVERED AS A GRANT – so you need almost nothing down.

#2 REASON

I can’t afford the mortgage payment
Some people don’t realize the amount they pay in rent may well be more than if they had a mortgage. Remember your Landlord is trying to recoup their Mortgage payment, taxes, insurance, maintenance fees, and in addition make a profit. When you buy, you’re investing in yourself. To find out if renting or buying makes more sense for you, try our Rent vs. Buy Calculator. You will find the link to the calculator in the text below this video.

#3 REASON

You believe you don’t have good enough credit history to get a mortgage
So you’ve made some late payments, or have other skeletons in your past that have dinged your credit score. That doesn’t put a mortgage out of reach. “If you’ve now paid down your credit cards and kept a steady job, your application may be approved ALSO – Potential home buyers with less than perfect credit can also explore options like lease-to- buy programs, financing through the seller, and loans from private lenders. Some private mortgage Insurance  programs allow for credit scores as low as 620. Meanwhile, you can slowly improve your credit score by paying your bills on time and keeping your balances low. A licensed loan officer or a credit repair company should be able to set up a plan to get your credit on track. But there’s one substantial caveat: Typically, mortgages for people with a lower credit score do come with a higher mortgage rate. And a very low score may require a higher down payment.

#4 REASON

I don’t have any credit history at all
Even without a credit card, there are ways to build credit history “If you’re a renter, ask your landlord about reporting your payments to establish a history. Experian makes it easy for your landlord to report your payments, or for you to do it yourself.”

#5 REASON

I haven’t been at my job long enough
“Work history is important “But even if you recently changed jobs and have only been there for a month, you can get qualified for a mortgage depending on your income and field. A letter from your boss or place of employment will go a long way, so be sure to ask if you think your relatively brief employment history might be an issue.

#6 REASON

I can’t find a home I like in my price range
“People often think they have to buy their last home first,” and do look for homes that are out of their price range But making your final dream home a reality takes time. After all, they call first homes “starters” for a reason, right?

Want to know what price home you can afford?

Check this link for our Affordability calculator. This will help you determine what price home you can afford give your income and debt payments, so if you think you can’t buy a home for any reason – INVESTIGATE – you may be surprised that you too can be part of the American Dream of Home Ownership.

WANT MORE INFORMATION? GET EXPERIENCE ON YOUR SIDE!

Home Owner Fourth of July safety tips!

by The Schnoor Team

 

Happy Independence Day! From backyard barbecues to patriotic fireworks, the Fourth of July is filled with summertime fun and celebration. However, it’s important to have fun safely. Check out these Fourth of July safety tips to ensure your celebration goes off without a hitch.

Barbecue Safety.

  •         Use the grill outside and keep it away from anything flammable.
  •         Keep a watchful eye on the grill. From curious kids to sudden bursts of flames, there’s a lot that could go wrong if not properly attended to. Never leave the barbecue while grilling.
  •         Clean the grill regularly. Grease and fat drippings can build up on the grill and increase your risk for a fire.

Pool Safety.

  •         Establish the rules of the pool. No running, no diving, no roughhousing, and no swimming alone.
  •         Always keep watch around the pool and keep a flotation device nearby at all times.
  •         Kids are curious, and drains are dangerous. Keep kids away from any drains or pipes to avoid any accidents.

Firework Safety.

  •         Only use fireworks outside and with an adult present. Only ever light one firework at a time, and keep your distance.
  •         After using fireworks, dispose of them properly. Wait for the firework to cool and then soak it in water before disposing of it in the trash.
  •         Check to see if fireworks are legal where you live. Additionally, dry conditions can increase the risk of starting a fire. Check to see the fire danger in your area before using fireworks.
  •         Be mindful of your pets. The loud noise can be scary for unsuspecting cats and dogs. Startled animals may run away from home. Keep your animals safe and secure to prevent any accidents.

Avoid any mishaps with these Fourth of July safety tips. Protect your home


30 Verano Loop, Santa Fe, NM - The Schnoor Team

by The Schnoor Team

30 Verano Loop, Santa Fe, NM

See full details here: goo.gl/9mmHHe

Beautiful remodel! Entire interior updated while the exposed beams keep the original charm. Stunning kitchen boasts new cabinets with self closing doors, beautiful hardware, new stainless steel appliances, fixtures, gas range with stainless steel exhaust. New bamboo flooring throughout. All new bathrooms with custom tile, cabinets and fixtures. New windows, stucco and a new tank-less boiler/water heater. All on 1.46 acres with an awesome view of the mountains from the huge covered patio in back. A large 2 car garage too! A must see!

Day Trips: Roswell, NM 70th Annual UFO Festival

by The Schnoor Team

 

Open since 1992 the museum has attracted everyone from the curious to the silly to serious researchers. The Museum provides information to the general public on all aspects of the UFO phenomena. People from around the world travel to Roswell to see what the Museum has to offer and to simply "be in Roswell where it happened."

Museum exhibits include information on the Roswell Incident, crop circles, UFO sightings, Area 51, ancient astronauts and abductions. The exhibits are designed not to convince anyone to believe one way or another about their subjects. Visitors are encouraged to ask questions. Many visitors come numerous times and some spend days or even weeks doing research in the library.While in Roswell, most visitors at least buy gas and a soda, or they may spend a week learning about the phenomena and Roswell.

 

Since its opening, the Museum has outgrown two downtown locations, finally landing in the old Plains Theater on North Main Street in Roswell. The number of visitors continues to be the envy of many other tourist attractions in the state.  Not only is there the museum that you can visit year round but every year in the first week of July the annual UFO Festival is held.  It is a Festival for the curious and has been a very successful event.  Activities range from carnivals to trade shows, from alien costume contests to UFO lectures, from Fourth of July fireworks to a parade downtown, from Hollywood celebrities to local children in costume and on roller blades. Known UFO researchers attend to present the most up-to-date information on the subject.

If you are looking for a truely unique experience, if you are a believer or not, this museum is sure to please.  For more information on the Museum you can find them at http://www.roswellufomuseum.com

Take a #DayTrip to Roswell for their 70th Annual UFO Festival!

See more details at: http://www.ufofestivalroswell.com/

 

Displaying blog entries 1-10 of 60

Contact Information

Photo of  Real Estate
The Schnoor Team
6711 Academy Road NE, Ste B
Albuquerque NM 87109
Jon: 505.385.2154
Jeanne: 505.328.6060
Fax: 505-892-7733

©2017 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Information is deemed to be reliable, but is not guaranteed. This is not a solicitation if you are currently working with a real estate broker. Equal Housing Opportunity