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Albuquerque Area Real Estate, Elite Asset management Team, RE/MAX Elite, $8000 Tax Credit UpdateIRS Releases New Tax Credit Forms
Click Here to see the new changes
Albuquerque Area Real Estate, Elite Asset management Team, RE/MAX EliteAlbuquerque market continues to move in the right direction. Monthly Highlights include: · There were 543 single-family detached homes sales in December, the 9th consecutive month home sales were above 500 in 2009. · Rio Rancho single-family detached home sales are up 55.38 percent from December 2008. · $175,875, the median sales price for single-family detached homes, is on the rise for the third consecutive month. We continue to see inventory decrease, for emample since Dec 2007 our inventory is down by almost 1000 detached homes, We also continue to see most of the sales in the $120,000-$250,000 range and it was great to see 26 homes sell in the 500K-1Mil$ range. Lets see if we have an increase in sales for First time buyers using the $8000.00 tax credit.
Albuquerque #1 of the 10 Best Cities To Live, Work & Make Movies in 2010More good news about Albuquerque... We are #1 out of the 10 Best Cities To Live, Work & Make Movies in 2010
A. Peter Veres
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Certified Residential Specialist, Accredited Buyers Representative, New Mexico Select Agent - Top Agents in New Mexico, CDPE- Certified Distressed Property Expert
Our proven track record shows that we truly care about our client's needs and concerns. We are creative problem solvers and deliver exceptional customer service. I have been noted as an outstanding luxury expert with extensive experience who understands the luxury clientele, providing complete discretion and confidentiality. Whether we work with first time home buyers or the high end affluent buyers we treat all our clients with the same respect and responsiveness. As we continue to focus on exceptional customer service we continue to be one of the top 5 RE/MAX Teams in New Mexico a consistant top performing team no matter what market conditions exist. I am a Certified Residential Specialist - CRS, Agent of the highest degree. Only 4% of agents in the USA have achieved this designation. Additional designations include - CLHMS - Certified Luxury Home Marketing Specialist & ABR - Accredited Buyers Representative. We specialize in the Greater Albuquerque area and we continue to be one of the Top 10 RE/MAX Teams in the State of New Mexico. Recognized by "The Wall Street Journal & "Barron's Financial Weekly" as an exceptional Agent. In July 2006 I received the Rising Star Award by the New Mexico Broker Agent Magazine. Member of New Mexico Select - Top Agents in New Mexico. The customer is always #1. Period! To learn more about Pete and his team go to: www.Rmaxteam.com. Referrals are always welocme and fee's will be paid. thank you.
Certified Distressed Property Expert
Chances are, you or someone you know in Albuquerque is facing the possibility of foreclosure. But you need to understand that you are not alone.
Today, 1 out of every 10 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it's important to identify your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged.
Through our experience handling distressed properties with the Elite Asset Management Team at RE/MAX Elite, We've found that homeowners today have more questions than answers about their circumstances. We have have created this new site http://tinyurl.com/NMForeclosureRelief to help you understand the possible solutions to foreclosure, as well as provide a detailed explanation of short sales, which may be the best course of action for some homeowners.
You may also have noticed that we are offering you a FREE Report to explain your options and help you decide on a course of action. The idea of losing a home can be overwhelming, and we feel it is vital for you to have all the facts necessary to make an informed decision.
As an agent with the CDPE® Designation, we have a strong and unique appreciation of the factors affecting the market, and know that there are options available to you.
If you would like to know more about your options, please contact us so we can set up your Free Consultation.
I am here to help ... in any way I can.
Pete Veres, CRS,CDPE,ABR
We specialize throughout the Greater Albuquerque Area as relocation and buyers specialists. We have extensive experience in Relocation, Investment Properties and the Luxury Home Market. For a quick Relocation web commercial go to: www.GreaterABQRelo.com
Areas that we service in the Greater Albuquerque Include:
Plactias, Corrales, Sandia Heights, North Albuquqerque Acres, High Desert, Far Ne Heights, North Valley, Rio Rancho.
We also focus on planned communities such as Mariposa, Alegria, Enchanted Hills, Northern Meadows, Ventana Ranch and the most recent area Cabezon. We have also been helping clients purchase homes in our +55 Active Adult Communities.
For a FREE list of homes emailed to you with photo's on a daily basis go to: www.VipbuyersProfile.com. We will send you via email all the homes that meet your specific price range, area and requirements at no-charge.
We can also keep you up to date on the latest market conditions by getting our Free monthly Greater Albuquerque Market updated by registering at www.AbqAreaUpdate.com.
We thank you in advance for your time and consideration.
Albuquerque
Albuquerque was founded by the Spanish in 1706. To this day, Albuquerque is heavily influenced by its history. The Albuquerque Culture is a mix of Indian, Hispanic and Anglo tradition.
Albuquerque lies up against the beautiful Sandia Mountains to the east, is cut in half by the Rio Grande River in the valley, and bleeds into the mesa to the west. The wide variety of landscapes provides for diverse outdoor activities, scenic views, and living opportunities. The climate is incredible and normally referred to as sunny and dry with low humidity. Albuquerque averages 320 days of sunshine a year and ranges in temperature from 24 degrees in the winter to 92 degrees in the summer. Albuquerque averages 8 and a half inches of rain and 9 and a half inches of snow a year. It often seems that it is just enough precipitation to enjoy, but not so much that it hinders travel and entertainment plans.
Albuquerque´s elevation is 5,280 ft. above sea level.It has one of the highest elevations of any major city in the country. The peak of the Sandia Mountain´s soars 10,678 ft. The mountain offers many activities for outdoorsmen. There are many hiking and biking trails as well as skiing at the peak. You can drive to the peak or you can take one of the world´s longest tramways and enjoy the sunset and city views.
There are over 35 major entertainment attractions and over 130 restaurants in Albuquerque. In the winter, you may want to visit one of Albuquerque´s 13 museums or go to one of the Pueblo Casino´s and try your luck. In the spring, it is nice to visit the Zoo, Botanical Gardens and Bio Park or go shopping in Old Town.In the summer you don´t want to miss the local wine festivals and the hiking and biking trails are always fun. The fall is a beautiful time to take a day trip to one of New Mexico´s 57 National Parks and Monuments.Oh, and don´t forget the International Balloon Fiesta in October! It is one of the highlights of the year.
The city of Albuquerque has over 494,000 residents. It is predicted that the Albuquerque Metropolitan area will exceed 1 million in population by 2016. The top five employers in Albuquerque are: Kirtland Air Force Base and Sandia National Laboratories, University of New Mexico, Albuquerque Public Schools, Presbyterian Hospital, and the City of Albuquerque. Other major employers in the Greater Albuquerque area include: Intel, Honeywell, Eclipse Aviation, and General Mills. According to 2000 Census, the median age of Albuquerque residents is 35 and the median income is $41,820. According to the Albuquerque Board of Realtors, the average sales price for a home in Albuquerque in 2006 was $229,905.
What are people saying about Albuquerque?
Albuquerque Rated 16th Greatest City
Popular Science, February 2008
Albuquerque Named 3rd Fittest City
Men's Fitness, February 2008
Albuquerque Named Top 10 Movie City
Moviemaker Magazine, January 2008
100 Great Places to Live
Fortune Small Business, April 2008
Albuquerque Rated 8th Best City for Jobs
Forbes, October 2007
Albuquerque Named Among Top 50 for Best Adventure Towns
Nat'l Geographic Magazine, Sept 07
Albuquerque Named #1 City for Climate Protection Program
US Conference of Mayors, June 2007
New Mexico Ranked 5th Nationally for Manufacturing Momentum
Business Facilities, June 2007
Albuquerque Ranked 9th Among Cities for Most Educated Work Force
Business Facilities, June 2007
New Mexico Ranked 7th for Pro-Business Climate (#1 in SW)
Business Facilities, June 2007
Albuquerque Ranked 2nd for Arts Destination
AmericanStyle Magazine, June 2007
Albuquerque Named Among Top 20 metros for Nanotechnology
Wilson Center's Project on Emerging Nanotechnologies, May 2007
Albuquerque Named Oned of the Top 20 Midsize Cities for Doing Business
Inc.com, April 2007
Albuquerque One of America's 50 Hottest cities
Expansion Management, February 07
New Mexico Ranks 8th for Jobs in High Tech Fields
2007 State of New Economy Index-2007
Albuquerque Metro Ranked 3rd in 10 Best Places to Own Real Estate
Money Magazine, January 2007
Rio Rancho
Rio Rancho was incorporated in 1981. Known as "The City of Vision," Rio Rancho spans over 73 square miles and is home to over 66,599 residents.
Although portions of Albuquerque and Rio Rancho touch, Rio Rancho is located approximately 15 miles North West of downtown Albuquerque. Rio Rancho is about 50 minutes south of Santa Fe. The climate is incredible and normally referred to as sunny and dries with low humidity. Rio Rancho averages 320 days of sunshine a year and ranges in temperature from 23 degrees in the winter to 91 degrees in the summer. The weather in Rio Rancho makes it a "film-friendly" climate. Lion´s Gate Studios, one of the largest independent film companies in the world, is planning to build a $15 million studio in Rio Rancho. Lions Gate plans to create 1,500 part-time jobs and 385 full-time jobs.
Other major employers in Rio Rancho include Intel and Eclipse Aviation. Intel is one of the biggest employers in New Mexico and it has been remodeling to add facility space. Eclipse Aviation built a jet manufacturing facility in Rio Rancho and expects to employ over 2,000 highly paid professionals.
Rio Rancho´s elevation is 5,290 ft. above sea level. Most Rio Rancho residents would agree that the views of the beautiful Sandia Mountains are the best from Rio Rancho. In Spanish, "sandia" means watermelon. The mountains are called "Sandia" because of the awesome watermelon-pink color they turn at sunset. It is quite a site from Rio Rancho.
Rio Rancho has been named one of the fastest growing communities in New Mexico and one of the fastest growing cities in the United States. Rio Rancho has slowly separated itself from Albuquerque with plans for a Down Town area. The Santa Ana Star Center opened in October of 2006 as part of the "City Center" project. Santa Ana Star Center is an activity arena that brings in many concerts and other family events. It is also home to the New Mexico Scorpions Hockey Team. If you are not attending an event at the arena, you might be interested in the skate parks, hiking and jogging trails, a round of golf, or visiting the near-by Santa Ana Star Casino.
Because Albuquerque is just a few minutes away, many residents take advantage of the entertainment there. You may be interested in visiting the museums, the Zoo, Botanical Gardens and Bio Park or shopping in Old Town.You can also take a day trip to one of New Mexico´s 57 National Parks and Monuments.
According to the 2000 Census, the median age of Rio Rancho residents is 35 and the median income is $47,169. According to the Albuquerque Metropolitan Board of Realtors, the average sales price for a home in Rio Rancho in 2006 was $204,680.
April 2008
Pete,
It is my pleasure to write the following testimonial on your behalf for the excellent service you provided my clients in their search for a home in Albuquerque. "After extensive research for a referral agent in the Albuquerque area, I had the good fortune of finding Pete Veres, RE/MAX Masters. From the initial contact, his professionalism and excellent service made their search for a new home truly a pleasure and an exciting experience. Thank you, Pete, for taking such great care of my clients!"
Shirley Childress RE/MAX of Roswell
December 2007
Over many years, I have had the pleasure to work with many real estate professionals. I cannot say enough about the tremendous experience I enjoyed with Pete and Lisa Veres. From the moment I met them, it was obvious their attention to detail was paramount. They have a firm grasp of the competition in the marketplace and that proper pricing moves properties. They sold our Parade Home in 18 days!
T. Justice
President
RiverStone Custom Homes
August 2007
Pete,
To say THANK YOU doesn't seem enough for all you and your team has done to make this possible for us. We are first-time home buyers from another state with no clue about how this process works, and we feel as if we found the Dream Team to usher us through the process. I've heard too many horror stories about "going through escrow" and what a nightmare it can be. I can truly say this was not only an exciting, learning process that, although takes a lot of attention and effort, was a great experience! And we know we have you to thank for that.
Our many thanks,
Elizabeth and Jeff
Whiteriver, AZ 85941
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The IRS has released IR-2010-006 providing a revised Form 5405 to reflect the changes to the tax credit made in the extension and expansion legislation enacted in November 2009. The release reminds taxpayers that all tax returns claiming the tax credit must be filed manually (i.e., they cannot utilize the IRS E-File automatic system). The revised form includes a section for those repeat buyers who are eligible to claim the $6500 tax credit. The HUD-1 or evidence of the transaction must be filed with all returns claiming the credit (both the $8000 and $6500 credits). Individuals who claim the repeat buyer credit must also provide evidence that they have owned and used the prior residence for 5 consecutive years. The instructions indicate that property tax or homeowners insurance records are sufficient for this purpose.
