Albuquerque Homebuyer tips: How do you find “The One”?

Albuquerque Homebuyer tips: How do you find “The One”?

(Transcript Snippet): “Tego:

Tracy. Uh, I wanted to just, I saw this story and I thought it was really good. Um, you know, home buyer tips for finding the one, like finding the house, because let’s be honest here right now for home buyers. Well, let me, let me preface it with saying this this week we saw, uh, a step down in the number of homes on the market and Albuquerque we’ve been very steady for the last few months and the number of homes on the market, you know, coming on, coming off, coming on, coming off had been pretty equal, but here just in the last week, now we started to see, uh, more, more homes coming off the market than going on the market. And that’s pretty normal this time of year. And I suspect that’s going to continue all the way down through till February, if, if normal seasonal trends continue. So there’s going to be slim pickings out there for the number of homes on the market. But anyway, some tips for home buyers, Tracy.

Tracy:

So I thought this was funny because they said the best advice carries across all areas of life, whether it’s relationships or home buying a few simple tips will help you stay on track. So there’s picking the right house is similar to picking the right mate to go. Um, I got lucky. I picked the right mate.

Tego:

It says be patient. Gosh, I think that applies well, are we doing relationships now? Or are we talking about

Tracy:

We’re talking housing, but you know, there’s nothing better as a realtor than helping a person find their house and finding the one it’s like you walk in when you’re showing houses and you’ve been in five houses and you get to number six and you walk in the front door and I see my buyers just light up and you just know this is the one. And it’s so exciting.

Tego:

I’ve heard people call it the dance. They do the little dance, like

Tracy:

Yeah, you usually know, like within 15 seconds in the front door that we have found the one. Um, and it’s, it’s awesome. So yes, but being patient and realizing that you’re not gonna find the perfect house, right. There’s going to be trade offs in every home

Tego:

And just their, their demand is still very strong. And you have to just be patient because it may take you a little bit longer to find a one. The other one is, is w what you just said. Yeah. Which was, you know, embrace compromise. Right, right.

Tracy:

You know, you’re not going to find everything. And what, what we know is once we get into the right house, they go, yeah, I really wanted blah, blah, blah. But this’ll work. I really wanted the master on the main floor. But look at this view from the upstairs master, or I really wanted that extra loft, but look at this.

Tego:

Well, you know, there’s the must have and nice to have lists that, that a lot of home buyers put together and highly recommend it. And the thing that’s interesting, how many times the must haves become well, it’d be nice to have, because some other feature in the house is so much more that they’re just like, well, disregard that

Tracy:

The list goes out the window. Sometimes I’ve seen that, especially when they say, when a buyer says, I really need a big yard, big yard could mean something completely different from one another. We always ask, what is a big yard? What do you, how do you use it? And sometimes they’ll say, well, I have a Chihuahua versus I have two rottweilers, you know, like big yards are different based on what you, how you use them or how you entertain. But, um, the other thing is just kind of knowing your priorities.

Tego:

We’re just talking about, right? Yes. Yeah. So know your priorities, you know, know what’s most important. And then, you know, again, you may have to refer back to, you know, uh, be ready to compromise to, right.

Tracy:

And then

Tego:

This one, I think in this market, Tracy is it’s, it’s really critical. And, and, and I think it’s, it’s tough for people to, to get this because it’s so frantic and it’s commit,

Tracy:

Commit, commit to putting your best foot forward, putting a strong offer forward. Right? If that’s the house, there’s, it’s going to take some commitment to the process and your offer being a very strong offer.

Tego:

Well, and I think of it this way. I think of it. If you find the house that that’s, it seems like it’s the one you have to jump in because in September, median days on market in the Albuquerque area was four days, which means half of the homes in Albuquerque are more or less selling immediately within four days. Right. And so if it’s the right one, it’s a great house. Maybe you’ve seen a bunch of other houses, then you realize, okay, this is a good one. A lot of people are going to want this. You have to jump in and you have to put your best foot forward right away. That’s just the way the market is right now.

Tracy:

Right. You can’t say, let me think about it. Let me sleep on it tonight. Because by tomorrow morning, it’s probably too late, right? Yeah. And that’s hard for people. It’s a big decision. It’s a big commitment, but hopefully we’ve done our education. We’ve talked about the process and we’re ready to go.