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Archives: July 2019

The 5 Biggest Mistakes to Avoid When Selling Your Home

If you’re gearing up to sell your home, you’ve probably read tons of articles all about what you should be doing…but what about what you shouldn’t be doing? After all, selling your home is a huge financial decision, and a misstep could mean losing out on your hard-earned profit. 

Don’t let something as easy to fix as not staging or pricing incorrectly throw off the success of your sale! Here are the top five mistakes to avoid when selling your home. 

Setting an Unrealistic Price

A man looking at his laptop.

It might come as a surprise, but pricing a home is tricky. Not only do you have to take into account what homes around yours have recently sold for (or, in other words, what buyers are willing to pay), but you also need to know how to value any updates and improvements you’ve made. Plus, you want your home to be priced so that it pops up in as many online searches as possible. When it comes to finding that magic number, sellers’ emotions often cloud the ability to accurately price a home. 

So you’ll just use an automatic estimator, and that’ll take care of things, right? Well, only if you’re okay with using outdated data and not taking into account any upgrades you’ve made. The best way to get a price that guarantees you’ll maximize your investment? Enlisting the help of an experienced local agent. 

Ignoring Major Repairs (or Making the Wrong Ones)

A man fixing a sink.

During the inspection process, your home will be reviewed with a fine-tooth comb. Any things you’ve been avoiding, like leaky faucets, outdated water heaters, or water damage in the ceilings, will be noted and shared with buyers. Additionally, if there are any major necessary repairs that you didn’t disclose ahead of time, you could find yourself in serious legal trouble—or with a cancelled sale on your hands.

Limiting Showings & Failing to Stage

An iPad sitting on a coffee table in a living room.

You’re selling your home, but you want to sell it on your terms. You don’t want to have showings every weekend or on short notice, and you don’t want to have to rearrange furniture or remove decor for staging. While changing your home or lifestyle to accommodate buyers might seem like a major hassle, being inflexible is only going to hurt you in the long run.

Buyers are going to want to see your home, sometimes more than once, and it needs to be looking its best if you want to get serious (and competitive) offers. In fact, staged homes have been shown to sell almost 90% faster and for a 20% higher profit than non-staged homes!

Letting Your Emotions Get in the Way

A woman and a child playing on a tablet.

You’ve made a lot of memories in your home, and the space likely holds indescribable value to you. So hearing people walk through the house and point out all of the flaws—then not make an offer—can be draining. A good rule of thumb for selling? Think of the process as a business transaction, and think of yourself as a salesperson, not a homeowner. Creating that divide will not only improve your emotional state, but it’ll also help you see exactly how your home can be better than it is.

Not Hiring an Agent

People meeting at a table.

Thinking of listing For Sale by Owner to avoid agent commission fees? In reality, selling FSBO can actually COST you money in the long run;. according to a 2016 study by the National Association of Realtors®, the average price for a FSBO home was around $185,000—which is $60,000 less than the average price of a home listed by an agent ($245,000). 

Aside from pricing, there’s a lot more that an agent can help you with. They’ll come up with a marketing plan for your home, suggest personalized staging strategies, conduct open houses and showings for you, and guide you through any problems or roadblocks along the way, all of which will take a load of work and stress off of your shoulders. 

Ready to List Your Home?

Feeling a little intimidated by the home-selling process? Don’t worry—we’re here to help! Not only can we give you a few more pointers on what you should and shouldn’t do, but we’ll also be around to guide you through every aspect of the sale, from listing to showings to closing. 

Ready to learn a little more about what it takes to sell for top dollar? Just give our team a call to get started! 

Bring Some Spook to Your Summer with the Ghost Tours of Old Town

Albuquerque has a rich history, reaching 300 years into the past…and a lot can happen in three hundred years. The Old Town Ghost Tours not only detail some of the most important happenings around Albuquerque, they also shed some light on a few of the spookiest stories in the city.

Interested in learning a little more about a darker side of local history? Here’s what you need to know about the Ghost Tours of Old Town.

The Details

A man holding up a lantern.

Sure, you could take a regular tour of Old Town, but why not spice things up a little bit? The Ghost Tour takes you through dark back alleys, down the halls of historic buildings, and through hidden cemeteries, all in search of the concealed secrets and lost souls of the city.

Tours last for 105 minutes, and you’ll have a professional guide leading you by lantern light through each of the sites and stops. You won’t find haunted-house scares, like costumed ghouls jumping out or flashing lights and spooky soundtracks. What you will find is the fascinating, and sometimes unsettling, history of Albuquerque—with a paranormal twist. You can even rent ghost hunting equipment to bring along on the tour!

Ghosts in Albuquerque?

A man sitting on a bench with a ghost behind him.

Did you know that Albuquerque is actually known as a hot spot for ghost activity? It’s true: we’ve even got a few famous ghosts in the city!

There are less-threatening spirits, like Bobby Darnall, a six-year-old boy who passed away after an explosion in the Kimo Theatre. Rumor has it that he loves doughnuts and must be appeased every now and then—or else he may blow out light bulbs or mess with the theatre’s power.

But there are also a few more chilling specters that find a home in the city—like the Lady in Black, who haunts the Chapel of Our Lady of Guadalupe in Old Town. People say that she often appears in the chapel pews, dressed in all black, sobbing, praying, or meditating. Some paranormal investigators even claim to have audio and photographic evidence proof of her existence.

Who knows who you’ll encounter on the Ghost Tour?

Sign up for Your Tour

A map, camera, money, and a compass.

Ghost Tours happen nearly every night of the year, excluding holidays and select days, and start at 8pm. Tickets should be purchased online at least 2 hours in advance, and prices are as follows:

  • Adult: $25
  • Seniors (55+), Military, EMT, Teachers, College students: $22
  • Students (13-17): $17
  • Youth (6-12): $10
  • Children 5 and under: Free

While the tour is certainly spooky, it’s rated PG, so feel free to bring the kiddos along! If you want to turn up the scare factor to PG-13, be sure to check out the Moonlight Ghost Tour, which happens at 10pm.

Find Your Home in Albuquerque

Aside from Ghost Tours, there’s plenty of things to do around Old Town and Albuquerque, from summertime concerts to history tours to weeklong fiestas. Life here is truly one-of-a-kind!

If you’re interested in finding your home in Albuquerque, the Feil Team is here to help. Take some time to explore the area, browse our buying resources, and give us a call when you’re ready to get started!

Big Things are Happening in Albuquerque: Check Out The Latest News!

There’s a lot to love about Albuquerque. After all, we’ve got a historic and iconic downtown, scenic parks and green spaces along the banks of the Rio Grande, and wildly popular annual events. But lately, there have been a few additions in the community that have made life in Albuquerque even more one-of-a-kind!

From new businesses moving in to old businesses gaining national recognition, take a look at the latest happenings around Albuquerque.

New Mexico United

A man kicking a soccer ball.

New Mexico and Albuquerque residents have always been interested in soccer, but there hasn’t been a team that’s really taken off yet. Until now, that is. The Albuquerque Sol, a semi-professional team, has been fairly popular since it started 2014. The popularity of the team has now led to the USL announcing an expansion club in the city.

New Mexico United was officially announced in October of 2018, but they didn’t play their first game until this past March. The first game drew in a whopping 12,900 fans, nearly filling up the 13,500 seats available in the Isotopes Park Stadium. The club hopes to build a stadium downtown soon, but will share the space with the Isotopes until then.

NBC & Netflix

NBC Studios in NYC.

Albuquerque’s job market is about to get a little busier. Two major companies, NBC and Netflix, have both announced plans to establish a base in Albuquerque. NBCUniversal will be redeveloping a warehouse in town into a state-of-the-art studio, with two sound stages, office space, and a mill. In addition to bringing more money into the city, NBCUniversal also aims to directly bring 330 full-time jobs and a number of helpful initiatives to the city.

For Netlix, Albuquerque will be the site of a huge new production hub. A billion dollar deal that’s expected to bring in 1,000 jobs per year to New Mexico, the Netflix deal isn’t only good for the present, but also shows promise for the future. Albuquerque is more and more cementing its role as highly sought-after location for film and television production.

Los Poblanos Historic Inn & Organic Farm

Trees at sunset.

Los Poblanos has been around since 1932 and has long been an institution around Albuquerque. The property offers fifty rooms, an organic farm, 25 acres of lavender fields and gardens, the restaurant CAMPO, and more. It’s widely considered to be one of the most breathtaking historic properties in the region.

Just a few weeks ago, though, Los Poblanos gained national recognition. The inn and farm was awarded the Best Midsize Hotel Design award by Hospitality Design Magazine, beating out competition from all across the world. Executive Director Matthew Rembe accepted the award at a ceremony in NYC, emphasizing how the inn aims to both preserve history and bring innovation to the space. Perhaps we’ll start to see a little more traffic coming in for Los Poblanos!

Find Your Home in Albuquerque

With beautiful homes, scenic parks, award-winning shopping and dining, and tons of growth, Albuquerque is a city like no other. Take some time to learn a little more about life here, browse our buying resources for help, and use our specialized search tool to narrow down your options.

Once you’re ready to get started (or if you have a few questions), just give the Feil Team a call!

The Four Most Common Red Flags to Look for During Your Walkthrough

A new home is a big financial investment. Not only will you likely be pouring a lot of your savings into the purchase, but you’ll also be choosing a place to call home for years to come. The last thing you want is to spend all of that time and money only to discover a costly maintenance or structural issue.

Even though you’ll get a professional inspection done, there are certain red flags that you should specifically be looking out for during the first walkthrough. By recognizing these problem areas right away, you can put emphasis on them during the inspection. Save yourself time, money,  and stress, and know these major home-buying warning signs.

Foundational Flaws

A vase of flowers in front of a cracked window.

It’s not like you can pull the house up from the ground and get a closer look at the foundation, so how do you tell if there are any issues? A few surefire signs of a faulty foundation include sloping floors, swinging and sticking doors, visible cracks above window frames, and cabinets separating from the walls.

Faulty foundations can go on to cause major damage in the home, and like most problems, the longer it goes unrepaired, the worse it will get. Minor cracks will only cost around $500, while major repairs could total up to $10,000. These are expenses you don’t want—and shouldn’t have—to get saddled with, so keep an eye out during the walkthrough and get a professional opinion from the inspection.

Signs of Amateur Repairs

A man patching up a wall.

Lots of homeowners choose to DIY repairs for a variety of reasons, from budget issues to scheduling conflicts. If they know what they’re doing (or the project is something relatively simple), then there shouldn’t be any issues. But if they, say, looked up a video tutorial on how to wire electricity to a new outlet—having never done electrical work before—then you might have some problems down the road. 

Even small things that seem unimportant, like light switches wired to the wrong lights, leaky faucets, or shoddy tiling work, can be signs of larger problems elsewhere in the home. If you run into things like this, then you might ask your home inspector to take a deeper look into other areas of the house that have been recently repaired.

Concealed Damage

A half-painted wall.

Speaking of amateur repairs, some problems might seem a little too big (or expensive) to fix. That’s when homeowners might try to cover it up instead of paying for repairs. For example: a fresh coat of paint is to be expected in many homes on the market. But if the paint only covers a small section of the wall or is dotted around the ceiling, that could mean the owner is trying to hide water damage. Depending on how extensive the damage is, it will cost hundreds or thousands of dollars to repair. And if it sneaks past the inspection, it could be on your dime. 

In the same vein, things like candles and air fresheners are also expected during showings. But if you notice that the scents are a little too strong, then the sellers could be trying to cover up mold or mildew odors, smelly pets, or damage from smoking. A home is a huge investment, so don’t be afraid to really look into that dry wall and make sure it’s mold-free.

Roofs in Disrepair

The roof of a house.

Remember those spots of fresh paint? If you notice those in a house, then there’s a pretty good chance that the water is coming from the roof. Other major signs of a damaged roof include curling or missing shingles, signs of buckling, discoloration or stains, and leaning or loose chimneys and gutters. 

While a home inspector will likely check the roof, if you notice any of the above signs, you may want to ask for an extra in-depth look. After all, roof repairs can cost anywhere from $200 to several thousand dollars, so even though the roof is out of sight, always keep it in mind. 

Need Some Help Searching?

Buying a home is a huge investment, and you want to make sure you’re spending your money wisely. If you’re feeling overwhelmed by the walk through process, don’t worry—we’re here to help. Not only can we point out any issues we see with the home right away, but we can also recommend top inspectors and help with negotiations for repairs.

Explore a few more of the home-buying resources we have to offer, and give us a call when you’re ready to see a few homes!

Let’s Get Started

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