The Albuquerque housing market is showing signs of recovery

Appraisers and other Albuquerque real estate pros are starting to show data suggesting the housing market is making a shift towards recovery. This recovery however will be vastly different depending on which area you are looking at. Some areas are just hitting bottom now while other have made the turn and may be showing signs of inching upwards. Still others may have still have a small drop left. In general, most agree that the recovery is upon us.So is timing the market really that simple? If you are a cash buyer it is. However, if you are going to be borrowing there is a more pressing issue – interest rate, and the ability to qualify. In this recession both housing and interest rates dropped at the same time. What’s to say that as the job market improves causing a recovery that housing prices and interest rates will not rise together as well? A 1% increase in interest can often times be much more difficult to deal with than a 5-10,000 increase in home price.So focus more on the loan package than on the price of the home. Secure that before even looking at homes. Get a preapproval letter from your mortgage company to include with your offer. To make your offer even stronger be sure that the preapproval amount on your letter is the same as your offer (not tipping your hat as to how much you actually have been preapproved for)We have access to several of Albuquerque’s top lenders. Just visit http://www.searchforalbuquerquerealestate.com and click the “view all partners” link in the top right side of the webpage to see a complete list.So now that you know a little bit more about some of my Albuquerque real estate listing secrets let me show what I can do for your next real estate home sale or purchase! Albuquerque real estate is a passion! Just let me know how I can help.    Contact: 505-980-7788   EMAIL JIMhttp://www.virtualtourclub.com    http://www.searchforalbuquerquerealestate.com   http://www.realestatevideotalk.com/about http://www.marketinghomesonline.com  http://www.stagingpads.comJim Gross – 360 Ventures Real Estate, Albuquerque NMSEARCH LIVE – LOCAL ALBUQUERQUE REAL ESTATE AT ANY OF THESE PROPERTY LINKS: Albuquerque | Albuquerque Acres | Belen | Bernalillo | Bosque Farms | Corrales | Downtown | East Mountains | Eastside | Fairgrounds | Foothills | Four Hills | Glenwood Hills | High Desert | Kirtland AFB | Ladera | Los Lunas | Los Ranchos | Mesa Del Sol | Nob Hill | North Valley | Northeast Heights | Old Town | Oxbow | Pajarito | Paradise Hills | Peralta | Placitas | Primrose Point | Rio Rancho | Sandia Heights | Sandia Labs Area | Sandia Park | South valley | Tanoan | Taylor Ranch | UNM | Uptown | Ventana Ranch