When You Are Ready to Buy a Home

We will always provide you with the market value of the property based on sales from the New Mexico Multiple Listing Service (MLS) and other local sales in the area.

How much can you afford

The first thing you need to do is decide how much you can afford. You will need to look at how much money you have available yourself and how much you can borrow. There are a number of different financial institutions which offer loans to people buying a property, you should find out if you are able to borrow money and if so, how much. Once you have determined how much money you can afford to spend on your new property it enables you and your REALTOR® to search within that perimeter.

Also be aware that there may be other costs associated with the purchase of your new home, such as the following:

These all are extra costs not included in the price of the home, so be prepared, ask your REALTOR® for a Buyer’s Good Faith Estimate.

You should be aware that if you start the process of buying a property and then the sale falls through you may have to pay for the services that have been rendered such as any Inspections, Appraisal, and / or a Survey.

You should also take into account the running expenses of the property you wish to buy. These may include:-