by Nicki Campbell

My daughter and her husband have had their home in Albuquerque, NM on the market for the past six months.  They bought it in October of 2007 when the market was thriving and had to sell it when her company offered her a larger sales territory a year later.  It is a townhouse in a gated community in the foothills with mountain views and it shows like a model home.  Unlike a foreclosed property, it is in immaculate condition.  But the market took a dive during the months they owned it and now, after several price reductions, it is priced $47,000 -- 15% --  less than what they paid for it 17 months ago.

I'm telling you all of this because it illustrates the kind of opportunities that are out there in the current real estate market.  Many people seem to think that they need to buy a foreclosure or a "short sale" in order to get a "deal" while, in reality, good buys are everywhere.  With an experienced Realtor advising you, you should be able to find a wide selection of high quality properties for sale at bargain prices -- substantially less than you would have paid for the same home two years ago.  What's more, a standard home purchase is a usually a lot simpler than buying a foreclosure or short sale.

So if you're looking for a good buy, now is the time.  Everything is on your side -- prices, inventory and interest rates.  Call your agent today!

By the way, if you are thinking of buying a home in Albuquerque, call me!