Finding your Albuquerque home starts with your list of what you absolutely must have in your home - the number of bedrooms, number of bathrooms, things that are a must. Then add to that Needs List features that you would like to have in your first home - cathedral ceilings, fireplace, all tile floors. This second set of features becomes your Wish List.
To help you figure out what is a Need and what is a Wish for your first Albuquerque area home, we've put together this handy Wish vs. Needs checklist for you to use. Save a copy and fill it out...and make sure to share it with one of our first-time home buyer specialists who can make sure you're looking in the right places for your first home!
One critical element that you need to decide if it's a Need or a Wish is what part of the Albuquerque Metro Area you want your first home to be in. If you have to have a 10 minute commute to work, you don't want to live on the other side of town!
While your First Time Homebuyer Specialist can give you a price range of homes that should fit your budget, now is really the BEST time to go ahead and speak with a mortgage company and get Pre-Qualified, or better yet, Pre-Approved for a loan. Taking this step ensures that you're only looking at homes in a price range that a bank is most likely to approve you for a mortgage. What's the difference between Pre-Qualified & Pre-Approved? Stop by our Affording Your Dream section for complete details!
If you're not ready to speak with an agent or loan officer yet, try out one of our Mortgage Calculators. While not a replacement for visiting with a real estate or loan specialist, these handy calculators can give you an idea of what might be possible!
After meeting with your First Time Home Buyer Specialist or Loan Specialist, you can start looking at all the homes that meet your unique criteria! This is one of the most exciting steps of the entire home buying process, getting to see all the potential places around the Albuqerque area that you could call home.
Now that you have an idea of what you want in your home, and where in the Albuquerque area you want to live, we'll exploring what's currently available on the market and start looking at homes. As you and your First Time Homebuyer Specialist view these properties, you might discover that your Need and Wish List changes. That's okay! Just make sure you let your agent know what these changes are so we can help you zero-in on that perfect home!
And once we find that perfect home, we Make an Offer.