The Myth of the Holiday Real Estate Dead Zone in Albuquerque

The Myth of the Holiday Real Estate Dead Zone in Albuquerque

The Myth of the Holiday Real Estate Dead Zone in Albuquerque

Albuquerque Real Estate Talk Episode 561 · Recorded December 4, 2025

Is the holiday season really a “dead zone” for Albuquerque real estate? In this episode of Albuquerque Real Estate Talk, Tracy and Asel Venturi sit down with marketing director and moderator Samuel Anderson to unpack what really happens in our market between Thanksgiving and New Year’s. Many people assume they should hunker down and wait until spring, but the reality on the ground tells a very different story.

While it’s not peak selling season in our part of New Mexico, there are still motivated buyers and sellers out there. Every showing this time of year tends to be serious, inventory is low, and great homes are still getting multiple offers and selling quickly. At the same time, the team acknowledges the very real lifestyle challenges that come with selling during a season filled with entertaining, baking, decorating, and family traditions—and they share practical advice to help you decide what timing works best for you.

Beyond the holiday “dead zone” myth, the conversation also touches on how to handle open houses and décor in December, how long it really takes to close, whether you can still move before year-end, what buyers, sellers, and fellow Realtors should be thinking about going into 2026, and a few favorite local holiday traditions and light displays around Albuquerque and Santa Fe. :contentReference[oaicite:0]{index=0}

Is the Holiday Season Really a “Dead Zone” for Real Estate?

According to Tracy and Asel, the “holiday dead zone” idea is more myth than reality. It may not be peak selling season in Albuquerque, but there are still serious buyers and sellers in the market. Sellers who list now often want to be sold by the end of the year, and buyers who are touring homes in December are typically not casual “looky-loos”—they’re carving out time during an already busy season, which usually means they’re motivated to move forward if they find the right home.

Why Sellers Shouldn’t Automatically Wait Until Spring

When homeowners look at the calendar and see only a few weeks left in the year, the instinct is often to wait until January or spring. Tracy’s advice is simple: if you need or want to sell, don’t wait for an arbitrary date on the calendar. This time of year usually brings some of the lowest inventory levels, so you may actually face less competition from other sellers. Every showing has a higher likelihood of being a serious buyer, not someone just passing time touring homes for fun.

That said, the team is realistic about the trade-offs. If you host a lot of gatherings, bake cookies, or go all-in on decorating, having your home on the market can feel stressful. Scheduling showings and keeping the house show-ready sometimes conflicts with things like holiday parties, tamale-making days, or family visiting. Ultimately, it has to be the right time for you personally, even if the market conditions are favorable.

Open Houses Still Work in December

Sam asks whether open houses are still effective during the holiday season, and Asel’s experience is that they can be very successful. As the end of the year approaches, people often have more time off work and are out and about shopping for the holidays. If they see an open house sign, they may very well stop in. Tracy notes that their team still holds open houses in December, and they tend to draw good traffic—as long as the schedule works for the seller’s plans.

The team also talks about making open houses more of an “event” during the holidays. One of the team’s brokers recently hosted a themed open house with hot cocoa, marshmallows, and ginger snaps over Thanksgiving weekend. Simple touches like seasonal treats, music in the background, and a cozy fire (if available) can make the home feel warm and inviting and give buyers a memorable experience.

Holiday Décor When Your Home Is on the Market

How Much Decorating Is Too Much?

A big question sellers ask is whether they should decorate at all once their home is on the market. Tracy’s answer is that a little holiday décor is absolutely fine—you should still be able to enjoy your season. She does caution against going over the top with decorations that block key features of the home, such as a beautiful view behind a giant tree. It’s also wise to be mindful that not every buyer celebrates the same holidays, so keeping things tasteful and not overly specific is often the best approach.

HGTV vs. Real-Life Buyers

Tracy also pushes back a bit on the typical “HGTV” advice to strip a home of all personal and family items before listing. While decluttering and simplifying is important, she believes completely sanitizing the space can work against you. Many buyers walk into a home and immediately want to know who lives there and what their life feels like. One nice family photo that shows people enjoying the home can help create an emotional connection and convey that it’s a happy, well-loved place.

Asel agrees and notes that buyers often ask what the sellers were like. She recently showed a home in Positas that was a great example of striking that balance. The sellers clearly still lived there and had young children, but the home was very clean, with a few thoughtful holiday decorations. There was even a balloon tucked away from a recent third birthday. It still felt warm and lived-in without being cluttered.

Showcasing Your Home in Its Best Season

The team also revisits a topic they’ve discussed before: capturing photos of your home during different seasons. They’re already holding photos for sellers planning to list in February or March, taken while yards were still green and trees had leaves. For winter listings, those earlier photos can show buyers what the property looks like in “full glory,” especially if there’s a lush yard or a standout outdoor space.

Many sellers also share their own favorite shots—like hot air balloons floating over their yard during Balloon Fiesta, or incredible sunset views. The team recently listed a home on Hollywood Boulevard in Corrales where the sellers provided stunning photos of balloons, city lights, and sunsets over Albuquerque. For out-of-state buyers, these images help them see not just the house, but the lifestyle and views they’re buying into.

Holiday Market Reality Check for Albuquerque Buyers & Sellers

  • The “holiday dead zone” is a myth
    Even though it’s not peak season, serious buyers and sellers are still active, and great homes continue to sell quickly in December.
  • Low inventory can work in your favor
    This time of year often brings some of the lowest inventory levels, which means less competition for sellers and more focused choices for buyers.
  • Every showing is usually a serious buyer
    During the holidays, people are busy with family and events, so those touring homes are typically motivated and intentional about making a move.
  • Open houses can still attract strong traffic
    With more people off work and out shopping, well-timed open houses—especially with a light holiday theme—can draw in quality visitors.
  • Enjoy décor without hiding your home
    A bit of seasonal decorating is fine, but avoid blocking key features like views and keep the focus on the home’s best attributes rather than elaborate displays.
  • Be ready if you want to close by year-end
    If your goal is to move before December 31, work closely with your lender, gather your documents early, and be prepared to move quickly once you find the right home.
  • Related note: timing should serve your life
    The team emphasizes that the best time to buy or sell is when you’re ready—holidays included—so your personal needs should drive the plan, not just the calendar.

Holiday Market FAQs from Albuquerque Buyers & Sellers

How long does it take to close on a home?

One of the most common questions Asel hears is, “How long does it take to close?” The answer depends on whether you’re paying cash or financing. Cash purchases can often close much faster because there’s no lending process. For financed purchases in our market, a typical timeline is about 30 to 45 days from accepted contract to closing.

Even when lenders are capable of closing in 14 to 21 days for many loan types, other pieces of the process still take time. Buyers usually order home inspections, review the reports, and then negotiate a repair request with the seller. That “second negotiation” can easily stretch over a couple of weeks as inspections are scheduled, reports are returned, and any needed work is discussed.

New construction can sometimes move quicker, especially at times like early December when some builders are offering strong incentives for homes that can close by year-end. With a new home, you may still choose to inspect, but major surprises are less common and the builder’s crews are typically on site and able to address items quickly. In the right scenario, it’s possible to go from contract to move-in in just a few weeks.

Is it too late to be in a home by the end of the year?

Sam poses the natural follow-up: if you start looking now, can you still be in a home by December 31? Asel’s answer is “yes, absolutely”—as long as you’re prepared. The biggest factor is how quickly you can provide your lender with required documents: two months of bank statements, tax returns, credit card statements, and any other financial information they request. Delays in gathering paperwork are often what slow down the process.

Tracy adds that if you already have a trusted lender, an updated pre-approval, and your documents in hand, getting into a home by the end of the month is very doable. The team routinely works around clients’ holiday schedules, even showing homes on Christmas Eve or New Year’s Day when that’s the only time buyers can get out. They also have several clients flying in over the next two to three weeks specifically to tour homes; for those buyers, the team is watching new listings closely and making sure lending is underway so they’re ready to move quickly.

However, they point out that even in a “quieter” season, the best homes don’t sit. Great properties are still seeing multiple offers and going under contract fast. If you’re coming in from out of town or waiting to decide after your trip, you may find that some of the homes you liked on paper are already gone by the time you’re ready to write.

Why “when you’re ready” matters more than the calendar

Throughout the episode, the team echoes Tego’s core message: the best time to buy or sell is when you’re ready, not when the calendar says it’s officially spring or fall. For some people, the holidays are the only window when they have vacation days to house-hunt. For others, the thought of keeping a show-ready home during December is more stress than they want. The key is to align your real estate plans with your life—knowing that the market is still moving and that serious buyers and sellers are active year-round.

Looking Ahead to 2026: Education, Support & Teamwork

Launching a video FAQ library

As the team looks toward 2026, Sam shares that they’re building out a robust video FAQ library for their website and YouTube channel. The goal is to be a true educational resource—not just for buyers and sellers, but for other Realtors as well. They’re starting by collecting the questions they hear most often, like “How long does it take to close?” and “Can I start now and be in a home by the end of the year?” and turning those into concise video answers people can access anytime.

They also invite listeners and viewers to share their own burning questions—the one real estate topic where they’d love a clear, straightforward explanation. Those questions will help shape future episodes and video content so that the information the team creates is directly aligned with what the community wants to know.

Thinking about joining a real estate team?

Later in the conversation, Tracy addresses fellow Realtors who may be rethinking their business model for 2026. With annual dues coming up and a shifting real estate landscape, many solo brokers are asking whether they should stay in the business, change brokerages, or join a team. While she doesn’t focus heavily on recruiting, Tracy points out that their team and brokerage (Real Broker) offer opportunities for agents who want more support and collaboration.

On the marketing side, Sam handles video production, YouTube, Instagram, and paid advertising for the team’s listings, giving agents and their sellers a professional marketing platform. Behind the scenes, their transaction coordinator and listing manager, Leah, brings deep knowledge to help manage contracts and listings smoothly. Add in training, resources, and the camaraderie of a well-functioning group, and agents on the team don’t have to navigate complex situations alone.

The power of mentorship and coverage

Asel, who is earlier in her real estate career but grew up around the business, highlights how valuable it is to have seasoned brokers available to bounce ideas off and make sure she’s on the right track. When questions come up, there’s always someone on the team who has handled a similar situation and can offer guidance. Sam has noticed the same pattern at team meetings—when one agent brings a challenge, another almost always has relevant experience to share.

Another benefit Asel appreciates is having “cover” when she’s out of town or unavailable; teammates can step in to help clients so service doesn’t skip a beat. Tracy also notes that some solo agents do have great mentors, often their qualifying broker or the person who introduced them to real estate. But for those who don’t feel adequately supported, she encourages an honest conversation about whether joining a team or exploring options with Real Broker might be a better fit for the coming year.

Enjoying Albuquerque’s Holiday Lights & Traditions

Holiday light maps and musical displays

To end the episode on a lighter note, the team shifts into some of their favorite holiday traditions around Albuquerque. Sam shares that the city has become quite a hotbed for elaborate holiday light displays since around 2020, including an impressive, user-generated Albuquerque holiday light map. The map highlights everything from luminarias and giant Christmas trees to musical light shows, and it continues to grow as homeowners add their displays throughout the season. Listeners can access it via the short link at abq.re/ABQlights.

Tracy mentions an especially memorable musical display created by the daughter and son-in-law of their colleague, Susan Buckman, at 6401 Pepperdine NE. The synchronized lights and music create a full “show,” and they’ve even broadcast it live in the evenings on Facebook so people can enjoy it virtually.

Luminarias, farolitos, and neighborhood traditions

The conversation turns to one of New Mexico’s most beloved traditions: luminarias. Tracy notes that while many people in Albuquerque call the brown paper bags with candles “luminarias,” friends and fellow Realtors in Santa Fe often refer to them as “farolitos,” and the terminology has become a friendly distinction between the two cities.

Tracy loves the luminaria displays in Old Town and the Country Club neighborhood on Christmas Eve and hopes for calm, wind-free weather so the candles stay lit. She recommends heading down later in the evening after the busiest traffic has died down; the candles can burn for about ten hours, so a late-night cruise with headlights off and slow driving still lets you take in the magic without the gridlock. She and Tego recently visited Santa Fe as well, where the plaza was already lit with lights in the trees and musicians performing around the square.

Local events: Shop & Stroll, River of Lights, and neighborhood displays

Asel brings up the River of Lights at the ABQ BioPark Botanic Garden, for which she purchased tickets online with a specific arrival window. Scheduling entry times helps spread out crowds and manage the heavy traffic that in past years has sometimes backed up all the way to I-40. Tracy recalls seeing those traffic jams when visiting family near Old Town and emphasizes that, while it can be hectic, the display is worth it—just be sure to bundle up, especially on colder nights.

The team also mentions the 30th annual Nob Hill Shop & Stroll taking place on December 4, encouraging people to layer up and enjoy the festivities. Sam shares that his favorite luminaria drive is through the Solar neighborhood off Fourth Street, where the entire community participates and the route winds past Alvarado Elementary School. Ridgecrest is another area where homeowners tend to go all-out with both luminarias and holiday lights, and many other neighborhoods around the city embrace their own traditions as well.

Whether you’re touring homes, preparing to list, or simply enjoying the lights with family, the holidays in Albuquerque offer a unique blend of market opportunity and local charm. And through it all, the Venturi Realty Group is here as a resource—ready to help you make smart real estate decisions whenever the timing is right for you.

Have questions about Albuquerque real estate?

If you are thinking about buying or selling, or just want to understand how the current market affects your plans, our team is here to be a resource.

Call or text: (505) 448-8888
Email: info@welcomehomeabq.com
Website: WelcomeHomeABQ.com

Venturi Realty Group of Real Broker, LLC

Haunted Houses & Real Estate Disclosures in Albuquerque | Venturi

Haunted Houses & Real Estate Disclosures in Albuquerque | Venturi

Spooky Season in Albuquerque: Haunted Houses, Real Estate Tips & Market Updates

From Episode 558 of Albuquerque Real Estate Talk
By Venturi Realty Group

It’s spooky season here in Albuquerque, a time when many locals and visitors alike enjoy exploring the city’s rich past. As Asel mentions on the show, even a simple ghost tour through our historic Old Town can be a fun way to learn about the city’s deep and sometimes spooky history.

This got us thinking about a question that comes up more often than you’d think, especially in a city as historic as ours: If you’re selling a house that you believe has paranormal activity, do you actually have to disclose that to a buyer?

On our latest podcast episode, Tego and Tracy tackle this ghostly gray area. But the spooky topics don’t stop there. We also dive into real-world “scary” situations, like the scariest things you can find on a home inspection report, the truth about ‘zombie homes’, and the real financial horror of overpricing your house.

Plus, we’ve got a key update on interest rates that you won’t want to miss. (Listen to the full episode below).

The Haunted Disclosure Dilemma

Let’s get the big question out of the way. If your house has a reputation for being haunted, are you legally required to tell the buyer? The short answer, according to Tego, is no.

New Mexico state law is specific about what *doesn’t* need to be disclosed, and it covers many situations that buyers might find unsettling.

“[The New Mexico statute says] a seller or a landlord, they’re not required to disclose these things. And is that if the home was a site of a natural death, the site of a homicide, suicide, assault, sexual assault, or any other crime punishable as a felony.”

– Tego Venturi

Why You Should Consider Disclosing Anyway

Just because you don’t *have* to disclose something doesn’t mean you *shouldn’t*. We almost always advise our sellers to over-disclose rather than under-disclose. Why? Because the neighbors will talk.

“Somebody buys a new house, the neighbors walk over and say, ‘Oh, that’s the house where somebody did X, right?’ … And honestly, it happens every time. Every time. Something catastrophic happened in the home, the neighbor wants to talk to the new buyer about it. So wouldn’t it be better just to disclose it up front?”

– Tracy Venturi

The Caveat: “Adverse Material Fact”

Here’s where it gets tricky. While you don’t have to disclose a *stigma*, you absolutely must disclose any “adverse material fact”. So, what does that mean?

“The definition of an adverse material fact is something the seller knows that would affect the value of the property, the desirability of the property, or the buyer’s ability to use it.”

– Tego Venturi

You can’t prove or disprove a ghost. But if the home’s *reputation* for being haunted is so well-known that it could affect its desirability or value, a buyer could argue it falls into this category. This is a gray area you don’t want to be in, reinforcing the case for disclosing upfront.

Albuquerque Real Estate FAQ

  • Do I have to disclose if my house is haunted?
    No. Legally, New Mexico law does not require you to disclose a “stigma” like a haunting, or even a death or crime that occurred in the home. However, you must disclose any “adverse material fact.”
  • What is an “adverse material fact”?
    It’s defined as something the seller knows that would affect the property’s value, desirability, or the buyer’s ability to use it. A home’s strong *reputation* for being haunted could fall into this gray area.
  • What is a “zombie home”?
    This is a real estate term, not a supernatural one! It’s a property where the owners have abandoned it during the foreclosure process. The house sits empty, often boarded up and uncared for, while it’s in legal limbo between the owner and the bank.
  • What’s a “scary” home inspection item that isn’t a big deal?
    One of the most common is “reverse polarity” on an electrical outlet. It sounds alarming, but it’s often a $0 to $2 fix that just requires a simple wiring correction.
  • What’s an inspection item that *is* scary?
    Seeing the word “MOLD” on a report. If you see this, don’t panic, but do get it properly tested by an expert to find out exactly what you’re dealing with and, most importantly, what the source of the moisture is.
  • What is the “horror of overpricing” a home?
    When sellers overprice, their house sits on the market, which creates frustration. Data has proven that they might actually lose money in the end compared to pricing it correctly from the start.

From Ghosts to “Zombie Homes”

Sometimes, a house doesn’t have ghosts—it’s just a “zombie home.” This is a real term we use in the industry.

A zombie home isn’t supernaturally possessed; it’s a property that has been abandoned by its owners, usually after foreclosure starts. The owners leave, but the bank hasn’t taken possession, and the eviction isn’t complete. It’s a house in limbo.

“So that’s what a zombie house is. It’s basically a home that’s kind of in limbo… It’s on their [the bank’s] books, but they’re not doing anything with it. It’s just sitting there boarded up. So that’s what’s considered a zombie home.”

– Tego Venturi

The Truly Scariest Things in Real Estate

Ghosts and zombies aside, there are a few things that *really* give buyers and sellers a fright. Here’s what to watch out for.

1. Scary-Sounding Inspection Items (That Aren’t)

Home inspectors can find things that sound terrifying but are actually simple fixes. Our favorite example?

“’Reverse polarity’ on an electrical outlet. Oh my gosh, it’s got an electrical problem. Well, that’s like a $2 fix, right? … It’s a $0 fix in most cases. It’s just if you know what to do, putting the wires back in the right polarity.”

– Tracy & Tego Venturi

On the flip side, a truly scary word to see on an inspection report is MOLD. If you see that, don’t panic, but do take it seriously. You need to get an expert to properly test it and find out exactly what you’re dealing with.

2. The Horror of Bad Information

One of the scariest things we see is people making huge financial decisions based on fear and bad information, especially from “doom and gloom” posters online.

“You just scared all these people… into not participating in the most dynamic and appreciating real estate market in history because you just wanted to get a few more clicks on your YouTube video. It’s just, yeah. That’s scary. The bad information out there is scary.”

– Tego Venturi

3. The Nightmare of Overpricing Your Home

For sellers, the real horror story is overpricing. Pricing too high “to see what happens” is a strategy that almost always backfires.

“[That strategy] will backfire and create more frustration and actually maybe… data has proven that you might actually lose money in the end by overpricing.”

– Tego Venturi

It’s especially painful to see sellers who really need to sell make this mistake, as they statistically end up getting less than if they had priced it correctly from the start.

Market Update: Time to End the Fright of High Rates?

Finally, let’s talk about interest rates. If you bought a home in late 2023, you might have locked in a rate over 8%. Today, rates are in the low 6% range, and some buyers are even locking in at 5.75%.

If you’re one of those homeowners with a high rate, it is absolutely time to look at refinancing. You could significantly impact your monthly payment.

“I would call the person, like the local person that helped you get that loan and… talk to them because they can run the numbers very quick and easily for you to see how much you could save by refinancing.”

– Tracy Venturi

Don’t just call the servicer on your bill; talk to the local loan officer who helped you in the first place. They can give you the best advice.

Thinking of Buying or Selling?

We’re here to help you navigate the process, from spooky stigmas to market updates. Call us for a no-obligation consultation.

Venturi
Realty Group

☎ Phone: (505) 448-8888

✉ Email: info@welcomehomeabq.com

📍 Address: 1119 Alameda Blvd NW, Albuquerque, NM 87114


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What Home Remodels Add Value in Albuquerque? Joy vs. ROI

What Home Remodels Add Value in Albuquerque? Joy vs. ROI

Remodeling for Joy vs. ROI: An Albuquerque Homeowner’s Guide

From Episode 557 of Albuquerque Real Estate Talk

By Venturi Realty Group

For homeowners, the remodeling itch is always present. Whether you’re dreaming of a gourmet kitchen, craving a spa-like primary suite, or just tired of looking at worn-out finishes, the big question is always the same: is it worth it? This conversation often gets split into two distinct paths: Return on Investment (ROI) and what we call the “Joy Factor.”

Which projects add real, measurable value when you sell? And which projects are all about the joy they bring to you while you live in the home? In this breakdown, Tego, Tracy, and Asel Venturi explore the data and share their on-the-ground experience to help you decide what’s right for your home and your goals.

 

 

 

 

 

The “Joy Score”: Remodeling for Your Happiness

Not every home project has to be about the final sales price. In fact, some of the most satisfying upgrades are the ones you do for yourself. The National Association of Realtors (NAR) even publishes a “Joy Score” for remodeling projects, rating how much happiness homeowners get from their new space.

Projects like a complete kitchen renovation, adding a primary suite, or a full bathroom remodel consistently receive a 10 out of 10 for joy. Why? Because these are the spaces we live in every day. As Tracy notes, “The house I showed yesterday, yeah. They were like, ‘we’ll make that dining room an office or something ’cause we’re just gonna sit on bar stools at the island.’ That’s how we live these days, right?”

If you love to cook, investing in an $80,000 upscale kitchen with professional appliances is a “Joy Factor” decision. You probably won’t get all that money back in a sale, but you’ll get to enjoy it every single day you’re in the home.

Interestingly, the NAR study also shows a high joy score for a new roof. While that sounds more like maintenance, Tego points out it’s about “peace of mind.” It’s the joy of not having to worry about leaks. Ultimately, these projects are about making your home more livable for *you*.

“One of the things I see a lot Tego when we work with home sellers is they plan to do some remodeling and upgrades… for sale. And I’m like, you always wanted that done the whole time you lived here. Now you’re gonna do it for the next… owner. Like, get it done, enjoy it while you live there.”

– Tracy Venturi

Maximizing ROI: What to Fix When You’re Selling

If your goal is to prepare your home for sale and get the highest possible price, the strategy changes. Here, you should focus on refreshing, repairing, and neutralizing—not on major, custom renovations.

The projects with the best ROI are often the least expensive:

  • Cleaning: This is the #1 ROI you can get. It costs nothing but time and some cleaning supplies.
  • Painting: A fresh coat of neutral paint can do wonders. It makes a home feel light, bright, and new. Avoid chaotic, multi-colored rooms.

“I showed a house earlier this week actually, and every room was a different color… one wall was pink, one was purple… one of the rooms was mostly like a really dark blue, and the whole room felt small and heavy. Just refreshing with paint can be a huge ROI and a really good selling point.”

– Tracy Venturi

  • Curb Appeal: This is that critical first impression. As Tego says, “Curb appeal matters. Always has mattered. Will always matter when you’re selling your home.” This doesn’t have to be expensive. Tracy adds, “A lot of homeowners are capable of doing something on the exterior themselves… like weeding, trimming, maybe painting trim… just repainting the front door… can make a huge difference.”
  • Deferred Maintenance: Fix the things you’ve been putting off. If your roof is failing, it’s going to come up. It’s better to get it taken care of than to have it become a major negative for buyers.

Albuquerque Remodeling FAQ

  • What’s the best ROI remodel before selling? Cleaning, fresh paint (light & neutral), and curb appeal (trimming, weeding, painting the front door). These cost little but have a huge impact.
  • What is a “Joy Score”? A rating of how much happiness homeowners get from a remodel. High-joy projects include kitchen upgrades, new primary suites, and bathroom renovations.
  • Will a new roof add value? It’s mostly a maintenance item, not an upgrade. A new roof gives peace of mind and removes a major buyer objection, but you likely won’t get a 100% return on the cost.
  • Do new windows really add 15% to my home’s value? Be wary of marketing claims. While new windows are a good upgrade (especially if the old ones are original), a 15% *total value* increase is unrealistic.
  • Should I remodel before I sell? Talk to us first! We can advise which projects (if any) will actually help you sell for more, and which ones aren’t worth the time or money.

Albuquerque’s 2025 Cost vs. Value: What the Data Says (and How to Use It)

The new Cost vs. Value report is out, and it’s a useful gut-check for remodels you’re considering in the Albuquerque area. To respect copyright, we’re sharing only brief excerpts and high-level takeaways here – if you want the full details, you can see the full report here.

“Exterior replacement projects remain the clear winners when it comes to adding resale value.”

“This year’s results reaffirm a long-standing trend: exterior projects deliver more value at resale than larger interior remodels.”

— Zonda’s 2025 Cost vs. Value overview

How the Report Applies in Albuquerque

The report provides market-level estimates you can filter to the Albuquerque MSA. While exact figures live in the report, the pattern is clear and matches what we see on the ground:

  • Curb appeal leads ROI. Think garage doors, entry doors, façade refreshes (e.g., stone veneer), siding/stucco upkeep. These projects are, visible, and market-friendly.
  • Minor kitchen updates punch above their weight. Light-touch refreshes (surfaces, hardware, select appliances) often outperform full gut remodels for resale.
  • Big interior remodels skew “Joy Factor.” Great if you’re staying; less reliable for dollar-for-dollar payback if you’re selling soon.

Quick Albuquerque Guidance

  • Selling in the next 12 months? Prioritize exterior refreshes, paint (light/neutral), and deferred maintenance. Reduce objections first; then add sizzle.
  • Staying put? Spend where you live… kitchen, primary suite, bath – then sanity-check against the report’s local ranges.

How to Pull the Albuquerque Numbers

  1. Open the report: 2025 Cost vs. Value.
  2. Select the Mountain Region and Albuquerque, NM market.
  3. Compare estimated Job Cost vs. Resale Value for the projects you’re considering.

Reality Check: Joy vs. ROI

High-end materials and custom features are often Joy Factor choices. That’s great if you’ll enjoy them for years, but it doesn’t guarantee a 1:1 payback. If the move is near-term, we’ll help you target updates that actually move your sale price – or your time on market.

Remodels That Can Hurt Your Home’s Value

Not all projects are created equal. Some “upgrades” can actually deter buyers or even reduce your home’s value.

1. Poorly Done DIY Projects

This is the biggest offender. A weekend warrior project that’s done with subpar workmanship—like an uneven floor, bad tile work, or messy paint—can take value *away* from the home. Buyers see it as a project they’ll have to pay to fix.

“Poor workmanship and poor design choices do not necessarily add value just because you spent the money on it. So that would be, I think, top of my list.”

– Tego Venturi

2. The Dreaded Garage Conversion

We see this a lot in Albuquerque. Converting a garage into another room is almost always a bad idea for value. Buyers expect a garage, and a poorly done conversion often feels like what it is: a garage they’re trying to make into a bedroom. In many cases, you’d increase the value by undoing the conversion.

3. Over-Personalization & Bad Design

Making a single room (like the kitchen) ultra-contemporary and glossy while the rest of the house is from 1972 creates a jarring, disjointed feel. Buyers may not know *why* it feels wrong, but they know they don’t like it.

“This kitchen is all like white, glossy and contemporary, and the rest of the house is 1972. And… they’re not cohesive… buyers don’t know what it is that they’re feeling when they see these things, but they just know… there’s something wrong.”

– Tracy Venturi

4. High-End Fixtures in the Wrong House

Putting top-of-the-line quartz, expensive faucets, and $10,000 appliances in a $400,000 house is a “Joy Factor” decision. You will not get all that money back. As Tego explains, “Putting those high-end things in a $2 million house, that’s just expected. Versus putting it in a $400,000 house, right?” Make smart, appropriate choices for your home’s price point.

5. Swimming Pools

A pool is the ultimate joy factor vs. ROI debate. It might add some value, but it will almost never add *as much* value as it cost to install.

The Truth About Solar and Home Value

Solar is a hot topic, but the financing makes all the difference.

“If you’re getting one of those systems [a lease or Power Purchase Agreement] and somebody claims that that adds value to your home, that’s a hundred percent false… In fact, the Fannie Mae and Freddie Mac guidelines specifically say those systems have zero value.”

– Tego Venturi

Leased solar can be a major problem when selling. It limits your pool of buyers, as many won’t want to (or can’t) qualify to take over the lease. Tracy warns, “If you have leased solar, that really limits your pool of buyers. There are many buyers who are not interested in having leased solar and taking on your lease.”

Owned solar offers great long-term benefits and is a better option than Leased or a PPA, but it still requires time to get the big payoff. You aren’t likely to get the full cost back if the home sale happens right away.

Final Advice: Talk to Us First

Whether you’re planning to sell next month or stay in your home for 20 years, we’re happy to give you advice. Don’t wait until *after* you’ve spent the money on a remodel to find out if it was a good investment.

As Tracy says, “Talk to us first because we can help consult. Should you do this or should you do that or should you do both or should you do none? We don’t want you wasting time, energy, [or] money if it’s not really gonna help you.”

Thinking of Buying or Selling?

We’re here to help you navigate the process, from remodeling advice to closing day. Call us for a no-obligation consultation.

Venturi
Realty Group

☎ Phone: (505) 448-8888

✉ Email: info@welcomehomeabq.com

📍 Address: 1119 Alameda Blvd NW, Albuquerque, NM 87114


Send Us a Message

Closing Costs in Albuquerque, NM | A Buyer & Seller Guide

Closing Costs in Albuquerque, NM | A Buyer & Seller Guide

Understanding Closing Costs in Real Estate: Albuquerque Market Insights

From Episode 556 of Albuquerque Real Estate Talk

By Venturi Realty Group

"Closing costs" is one of the most common, and most confusing, topics in a real estate transaction. For both buyers and sellers, these fees can feel mysterious, often raising critical questions: What are they for? Who is responsible for paying them? And most importantly, how much is it all going to cost?

A clear understanding of closing costs is essential for a smooth and predictable home buying or selling experience. In this detailed breakdown, Tego and Tracy Venturi (with questions from Asel Venturi, who has a background in home loans) dive deep into the world of closing costs to give you the clarity and confidence you need for your next transaction in the Albuquerque real estate market.

Who Pays the Closing Costs: Buyer, Seller, or Both?

The short answer is: both. In a typical Albuquerque real estate transaction, the seller has their set of closing costs and the buyer has theirs. However, the most important thing to know is that this isn't a universal rule; it's highly dependent on local customs.

"This is very specific to our location, right? In Santa Fe it's different. In Kentucky, it's different. In Texas it's different. In Las Cruces it's different."

- Tracy Venturi

Beyond local customs, who pays for what can also be a point of negotiation. Depending on whether it's a buyer's or seller's market, one party might ask the other to cover a specific fee to make the deal work. For example, a buyer who has their down payment ready but is short on cash for other fees might ask a seller to cover some of their closing costs as part of the offer.

Who Pays For Closing Costs?

  • Both Parties Pay: Buyers and sellers each have their own set of closing costs.
  • It's Local: Who pays for what is determined by local custom (Albuquerque vs. Santa Fe vs. other states).
  • It's Negotiable: Nearly all costs, including commissions, are negotiable and can be part of the offer.
  • Buyer Costs = Loan: Most buyer costs are tied to their mortgage (appraisal, underwriting, etc.).
  • Seller Costs = Title: A primary seller cost in NM is the Owner's Title Insurance Policy for the buyer.
  • Ask for Help: Buyers can (and often do) ask sellers for contributions toward their closing costs as part of the initial offer.

What's Included in Closing Costs?

The total amount for closing costs "depends" because it's specific to each person's situation. The biggest factor is whether a mortgage is involved. A cash buyer, for example, will have very few closing costs because they don't have any loan-related fees.

Typical Buyer Closing Costs

For a buyer getting a mortgage, the majority of their closing costs are associated with originating the loan. These fees are the buyer's responsibility.

"Anything associated with the loan or getting the mortgage is gonna be a buyer closing cost."

- Tego Venturi

This can include:

  • Mortgage Application Fee
  • Loan Origination Fee
  • Underwriting & Processing Fees
  • Credit Report Fee
  • Mortage Rate Buydown
  • Appraisal Report

Other Fees and Costs Home Buyers Have:

  • Property Inspections Costs
  • Homeowners Insurance
  • Property Tax Escrow Funding

Typical Seller Closing Costs

In the Albuquerque market, a seller's closing costs typically include:

  • The Owner's Title Policy: This is a major one. It's an insurance policy that the seller purchases for the buyer to guarantee they are receiving a "clear title." As Tracy explains, "The title company is checking the history of the property and making sure they're conveying clear title, that there aren't any liens or judgements on the property."
  • Title Company Fees: Most of the title company's fees for managing the closing. This is also called Escrow fees sometimes.
  • Real Estate Commissions: The fee paid to the real estate professionals who facilitated the sale.

A Note on Real Estate Commissions

Real estate commissions are always negotiable. Typically, a seller agrees to a fee with their listing agent, and a buyer agrees to a fee with their buyer's broker. In our market, it is common for a buyer to write an offer that asks the seller to pay the buyer's brokers commission. As Tego notes, recent rule changes have brought more transparency to this negotiation.

When Are Closing Costs Paid?

This is different for buyers and sellers.

For Sellers: Most seller costs are paid at the very end, at closing. They are simply deducted from the proceeds of the sale at closing. The only exceptions might be if a seller pays for a inspection (septic inspections are normaly paid by the seller) or for repairs done prior to closing.

For Buyers: Buyers have some up-front, out-of-pocket costs before the closing day. These typically include:

  • Earnest Money: This is a good-faith deposit submitted with the offer, which goes toward your closing costs.
  • Independent Consideration: A small, non-refundable payment from buyer to seller that makes the contract binding.
  • Inspection Fees: Buyers almost always pay for their home inspections at the time of service.
  • Appraisal Fee: This is often prepaid to the lender.

The rest of the buyer's costs, including the down payment, are paid at the final closing in one lump sum called your "Cash to Close."

How Can a Buyer Reduce Closing Costs?

If you're a buyer, you have two main strategies for reducing the amount of cash you need to bring to closing.

1. Ask the Seller for a Contribution

You can ask the seller to contribute a certain amount toward your closing costs. However, this must be part of the negotiation from the very beginning.

"That's a part of the initial offer. That's not like we're down the road, we're under contract, and now I'm gonna ask the seller to cover these costs. That's a part of the whole offer process right up front."

- Tracy Venturi

For example, you might offer a specific price and ask the seller to "contribute $5,000 toward buyer's closing costs and prepaids." The seller then evaluates your offer as a whole. This is a very common strategy, especially for buyers using FHA or VA loans.

2. Use Down Payment Assistance Programs

New Mexico has excellent programs to help with down payments and closing costs. The best-known is Housing New Mexico (formerly known as the Mortgage Finance Authority or MFA). These programs have specific income and credit score qualifications, but they are a fantastic option for many buyers looking to reduce their upfront expenses.

When Will I See My Final Closing Cost Numbers?

You won't be in the dark, but the final, exact number isn't available until the very end. Here's the timeline:

  • For Buyers (Up-front): When you first apply for a loan, your lender must provide you with a "Loan Estimate" (LE). As Tego mentions, "You have to get a disclosure on what the closing costs could be. It's an estimate."
  • For Sellers (Up-front): At Venturi Realty Group, when we list your home, we provide you with a "Seller Net Sheet." This is a detailed estimate of all your costs so you can see your net proceeds from day one.
  • The Final Number: The final, 100% accurate "Cash to Close" number for the buyer and the final "net proceeds" for the seller usually arrive the day before signing the closing documents.

FAQ: Closing Costs in Albuquerque Real Estate

What are closing costs?

Closing costs are the fees and expenses typically paid at the end of a real estate transaction. They cover services like lender fees, broker fees, title insurance, appraisals, recording, and escrow needed to transfer ownership.

Who pays closing costs — the buyer or the seller?

In most Albuquerque transactions, both buyers and sellers pay closing costs. Buyers typically cover loan-related fees, while sellers cover title and commission costs. The split can be negotiated in the offer.

How much are typical closing costs for buyers in Albuquerque?

For financed purchases, buyer closing costs usually range from 2% to 4% of the purchase price. Cash buyers often pay less because there are no lender fees.

Can a buyer ask the seller to pay some closing costs?

Yes. Buyers can request a seller contribution toward closing costs in the initial offer (for example, a flat dollar amount or percentage). The amount is limited depending on the type of loan.

What’s included in buyer closing costs?

  • Loan origination and underwriting fees
  • Appraisal and credit report fees
  • Home inspection fees
  • Homeowners insurance and escrow setup
  • Buyer's broker fee

What’s included in seller closing costs?

  • Owner’s title insurance policy for the buyer
  • Title company or escrow fees
  • Real estate commissions paid from sale proceeds

What is independent consideration in a real estate contract?

Independent consideration is a small, non-refundable payment from the buyer to the seller, separate from earnest money. It may be required to make the purchase agreement legally binding, especially when the buyer has a due-diligence period.

When are closing costs paid?

Buyers pay some items upfront (like inspections and appraisals) and the rest at closing as their “Cash to Close.” Seller costs are usually deducted from sale proceeds at closing.

How can buyers reduce closing costs?

Buyers can reduce costs by negotiating seller credits, comparing lender fees, and using down payment or closing cost assistance programs such as Housing New Mexico (formerly MFA).

When will I know my final closing cost numbers?

Buyers receive a Loan Estimate after applying and a final Closing Disclosure about three days before closing. Sellers receive a Seller Net Sheet early and a final settlement statement before signing.

Are real estate commissions part of closing costs?

Yes. In most Albuquerque transactions, commissions are part of the seller’s closing costs and are fully negotiable.


Get the Right Advice

Navigating closing costs, negotiations, and loan programs requires what we call "the trifecta": a great buyer (or seller), a great real estate agent, and a great mortgage broker all working together. Our team is here to help you put together the numbers, work with fantastic local lenders, and guide you into the best program for your needs. If you're thinking about buying or selling, we'd be happy to sit down, go through it all, and help you make the best decision for your situation.

Thinking of Buying or Selling?

We're here to help you navigate the process, from closing costs to closing day. Call us for a no-obligation consultation.

Venturi
Realty Group

☎ Phone: (505) 448-8888

✉ Email: info@welcomehomeabq.com

📍 Address: 1119 Alameda Blvd NW, Albuquerque, NM 87114

Send Us a Message

How Sellers Can Win in a Bidding War

How Sellers Can Win in a Bidding War

How Sellers Can Win in a Multiple Offer Situation

Albuquerque Real Estate Talk | Episode 552

How Sellers Handle Multiple Offers

One of the most exciting—and potentially overwhelming—situations for a home seller is receiving multiple offers. While it may seem like a dream scenario, it brings its own set of questions. In this episode, Tracy and Tego Venturi break down how to navigate the process and avoid common pitfalls.

Should you accept the highest offer? Counter everyone? Ask for best and final? According to the Venturis, there's no one-size-fits-all approach. The right move depends on the specifics of the offers, the seller’s goals, and market dynamics.

Sometimes, the “best” offer isn’t the highest. It could be the one with stronger financing, fewer contingencies, or better timing. The Venturis explain how smart sellers evaluate appraisal gaps, escalation clauses, and the strength of each buyer’s position.

Balloon Fiesta Neighborhood Spotlight

With the Albuquerque International Balloon Fiesta just around the corner, the team also shares which neighborhoods offer the best views and easiest access to the event. Whether you’re looking to host family or get a front-row seat to the festivities, location makes all the difference.

Mortgage Rate Update

Rates dipped slightly this week, but buyers remain cautious. Tego breaks down the latest mortgage trends and what they mean for affordability going into fall. This segment is especially relevant for anyone trying to time their purchase or refinance plans.

3D Printed Homes — The Future?

The team explores recent headlines about 3D printed housing and whether it could be a game-changer for affordability in New Mexico. While still a niche technology, the promise of faster build times and lower labor costs makes it one to watch.

🎈 Top Neighborhoods for Balloon Fiesta Access

  • Vista del Norte – Quick freeway access & views
  • North Valley – Balloon flyovers & charm
  • Nor Este / North Domingo Baca – Family-friendly with easy access
  • Sandia Heights – Elevated views from the foothills
  • Rio Rancho (East Side) – Affordable options with balloon sightings

Visit our office just up the road from Balloon Fiesta Park to see all the official posters on display!

📺 Watch or Listen to the Full Episode

Want the full breakdown on multiple offers, market trends, and Fiesta neighborhoods?

🎬 Watch on YouTube  |  🎧 Listen on Podbean