We Have The Best Clients!

from Jacqueline
"Lynn Martinez and her assistant, Denise Boyden, are a GREAT team. I flew in from Delaware to look at homes and Lynn spent 2 whole days showing me homes---some she had sent me internet connections to and others were new that Lynn thought I might like. She's professional and we had such a great time looking at homes and finding the right one for my mom and me. Denise took care of every detail after I made my offer and answered a lot of email questions from me in an exceptionally timely manner. Lynn is also exceptional at answering email questions. My daughter lives in Corrales and recommended Lynn to me and I sure am glad she did. In all the times I've moved, I've never had such an outstanding agent and support staff. You are so very fortunate to have her representing Coldwell Banker Legacy."
 

from Karen
"...everything was handled in a professional manner. Communication was excellent. Advertising was outstanding! Thanks for everything..."

from Tom & Louise
"Lynn really listened to us, worked hard to present our home well in a tough market, kept us informed every step of the way, and got the sale!"
 
Read about Albuquerque Real Estate at www.LynnM.com

101 Wild Primrose (Placitas, New Mexico)

LEGAL: SUBD: DIAMOND TAIL PHASE 1 LOT: 53 SUB: DIAMOND TAIL PHASE I LOT: 53 BK: 409 PG: 29707 PHYSICAL ADDRESS: 101 WILD



Price: $84,800
MLS#: 812893
Placitas Lot For Sale


101 Wild Primrose
Placitas, NM 87043

Choosing a Realtor

Searching for your dream home can be a time consuming experience. Working with a professional Realtor will make the process much more efficient. Since most people spend a fair amount of time with their Realtor, it's important to choose a Realtor you feel comfortable with, and one who is responsive to your needs. The following questions will help you decide if a particular Realtor is right for you:

• Do they return your phone calls?
• Do they ask you questions to determine what you want/need in a house?
• Do they perform a financial analysis to help you determine how much you can afford?
• Do they explain things clearly?
• Do they suggest financing methods?
• Do they seem knowledgeable about the community?
• Do you feel comfortable spending time with them?

If the answer to most of these questions is "Yes" - you've found yourself a great Realtor. If you find yourself answering "no" to many of these questions, or to any individual questions that are important to you, you should keep looking until you find a Realtor you feel comfortable with.

Read more about real estate at www.LynnM.com

3430 Lockerbie Dr SE (Rio Rancho, New Mexico)

Welcome! Remodeled & Ready! Lovely High Resort Community.Stunning Home Beautifully sited on .14 acre corner lot with spectacular Sandia mountain vistas & sizzling sunsets & backs city open space. Oh my, step inside. Warm & inviting. Tiled entry foyer. Hardwood Floors. Study/4th bedroom with french doors on main level. Powder room too. Gracious Formal Dining. Awesome Kitchen with custom cabinetry & Hardware, Corian Countertops, Granite Sink plus Butlers Pantry & Bay Window in spacious eating area. Cozy Family room with Rocked Fireplace & Soaring Ceilings. Upstairs features Master Suite retreat with wet bar, View Deck & luxury Bath. Good Sized secondary Bedrooms. Guest Bath with dual sinks. Dynamite Loft/Den/Playroom with Deck & more views! Great outdoor entertaining spaces. Covered & open Patios, walkways & your own 3 hole putting green!




Price: $249,880
MLS#: 813588
Bedrooms: 3
Baths: 3
Sq Ft: 2573
Garage Spaces: 2
Acres: 0.14
Rio Rancho Home



3430 Lockerbie Dr SE
Rio Rancho, NM 87124

Why you should work with a Realtor

Working with a professional Realtor to buy your home is a good idea for several reasons:

• They'll analyze your financial situation to help you determine how much you can afford.
• They're familiar with the process of buying a home and can explain things to you.
• They can easily access information on all properties listed for sale by Realtors in your area.
• They can set up appointments for you to see homes that interest you.
• They'll help you complete all the necessary paperwork when it comes time to make an offer.
• They'll help you arrange financing.
• They'll be there at closing to answer your questions and make sure everything runs smooth.

What other reasons should someone work with a Realtor?

Read more at www.LynnM.com

How Much House Can You Afford?

Simply put, you can afford a house that costs as much as the largest monthly mortgage payment you qualify for. 

 

A quick way to estimate the size of mortgage you qualify for is to take your gross monthly income (that's before taxes and other deductions) and multiply it by .28. This works out to just over 1/4 of your gross income. 

Mortgage companies use something called qualifying ratios to determine how much they'll lend you. Most mortgage companies use either a 28/36 ratio or a 25/33 ratio. The first number in each pair is the percentage of your gross income that the lender would consider acceptable as a monthly mortgage payment (i.e. if you make $3,000 per month, 28% of that is $840 per month).

The second number in each pair is used when all debt payments are considered, not just the mortgage. (i.e. if you make $3,000 per month, but also have a $250 a month car payment, 36% of $3,000 is $1,080, minus the $250 car payment equals $830).

As you can see, in this example the numbers work out to be almost the same. Obviously if you have more debt you would qualify for less.

Read more tips at www.LynnM.com

Tips For Buying A Home - Getting Started

Before you start looking for a home you should ask yourself a few questions. 


Where do you want to live? Do you want to be close to schools, shopping, or work?

What kind of house would you like (need)? Are you looking for a particular style? How many
bedrooms and bathrooms do you want? Do you want a yard?

How much house can you afford? Have you consulted a Realtor or mortgage lender to determine the size of the mortgage you would qualify for?

Here are a few tips to help you get organized:

• Pull a credit report on yourself and make sure the information is accurate. If you find any errors take steps to correct them immediately.
• Browse through real estate advertisements in the newspaper and Homes magazines. This will give you a good feel for the types of homes that are on the market and what they cost.
• In many communities, Realtors may have television programs or interactive phone systems which will allow you to find out information.
• Visit open houses on the weekend. It doesn't cost anything to look, and looking at a few different homes might give you some ideas for things you'd like in a house but haven't considered.
• Start saving money - you'll need to have cash on hand for a down payment and closing costs.
• Don't incure any additional debt. Pay down your credit cards - and don't apply for any new ones. Don't make any major purchases on credit - buy the furniture or car later.
• Contact a Realtor. Your Realtor can help you determine how much you can afford, and they can provide you with information on homes that may interest you. The Realtor will also help you complete all of the necessary forms when it comes time to make an offer.

Read more at www.LynnM.com