Michael Dunn, Realtor (505) 379-5849 call or text!!! AbqDunn@gmail.com

Michael Dunn, Realtor

Coldwell Banker Legacy (505)379-5849 Call/Text ** AbqDunn@gmail.com

What is a short sale and who is actually selling the home??

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What is a short sale?  “Short Sale” is not referring to a duration of time but referring to a short payoff meaning the seller is upside down. In a short sale the seller is trying to sell a home for less money than (s)he OWES on the property and is asking the mortgage company to forgive or write off the difference. For example, if a seller owes $250,000 on a home but can only sell it for $200,000 there would still be a balance of $50,000.The seller could go get an offer from a qualified buyer to purchase their home then apply for a short sale thru their mortgage holder to see if the bank will forgive or write of the difference. The contract to purchase the homes is still between the buyer and seller/owner of the home but the seller has an agreement with their current mortgage(s) holder to forgive the remaining balance and convey title with no mortgage liens. Contact me if you are interested in buying or selling a short sale or if you are just interested in receiving more information.

 

Request for more info

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THANKS!! 10 Years!!

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Well, it has now been 10 FULL years that I have been in the Real Estate business and have now helped hundreds of people buy or sell their home! Back in October of 2002 when I received my New Mexico Real Estate license I was the youngest Realtor in my office and knew it could be difficult getting people to trust such a young person to help them buy or sell the biggest investment of their life. Luckily I had my first closing just a few weeks after getting my license and have been a full time Realtor ever since. Thanks to all of you that have trusted me with your homes and also thanks to all of you who believe in me enough to refer your friends, family and colleagues to me as well. Referrals are where the majority of my business comes from so please continue remember me when you hear of someone looking to buy or sell a home. I will continue to work very hard for each and everyone of you!!

 

PLEASE feel free to leave comments below of dealings you’ve had with me and dont mind sharing with others 🙂

MFA Hero program is back!!

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I was just informed that the MFA Hero program is back! The New Mexico Mortgage Finance Authority just released its Hero program again which is for Teachers, Safety workers, Health care workers and active members of the United States Armed Forces. Main Perks:

  • 30 year fixed FHA mortgage
  • Higher borrow income limits than typical MFA standards
  • Borrower does not have to be a first time home buyer
  • Grant providing the 3.5% down payment so borrow doesnt have to come up with it
  • borrow can get into a home for as little as $1,000
There are some income limits as to how much money the borrower can make and limits on how big of a loan can be obtained which are based on the county the home is being purchased in. Contact Michael Dunn for more info and to see how you might qualify!

Request for more info

If you would like more info please fill out this form and we will get in touch with you shortly. In the "comments below please enter the subject you want more info on. Thanks for your time!

3rd Quarter sales increase 17%

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Quarterly home sales for single-family detached homes in the Greater Albuquerque real estate market saw a 17.25% improvement from 3rd Qua

Total dollar volume for single-family detached home sales was $442.3 million for 3rd Quarter 2012.  This number is based on an average sale price of $205,896, a 1.84% increase from 3rd Quarter 2011.rter 2011, according to the Greater Albuquerque Association of REALTORS®.    This is the highest 3rd Quarter for home sales since 2007.

 

 

“This is only the second time since 2006 that 3rd Quarter home sales were higher than 2nd Quarter,” said Marc Guggino, 2012 GAAR President, “and year to date, sales volume is up substantially from last year.  The overall sales trend for the Greater Albuquerque real estate market continues to look positive.”

view the whole  report here —-> Full 3rd quarter market report

 

 

article provided to me by gaar.com

Contact me if you would like a free evaluation of how much your homes is worth in todays market!

Free Drawing to win a Kindle Fire!!

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Its that time for a another drawing and this time its to win a brand new Kindle Fire! Drawing to be held October 16, 2012 at my office. You do not need to be present to win. Just fill out the form below!

Enter the drawing here!

Fill this form out to enter this FREE no obligation drawing!! No purchase needed!!

Horse Property Edition of Welcome Home Magazine

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There is nothing like a good ole fashion magazine…. is there?? We still distribute thousands of these a month and I get numerous inquiries about them all of the time. I know you are reading this post online so you obviously have some sort of internet knowledge and can find homes for sale on my site but if you would also like a copy of our latest welcome home magazine that has ALL of our homes for sale and also highlights “Horse Property” in this addition please feel free to click the link below and I will gladly mail you a copy!

YES! Please mail me a copy of the latest Welcome Home Magazine!!

Fill out the info below to receive your free copy!

Coldwell Banker Legacy Realtors (505) 292-8900 8200 Carmel NE Ste. 103A Albuquerque, NM 87122