Buy Your New Mexico Home with Guidance from Absolute Real Estate
Buying a Home in New Mexico
Good Homes for Great People
Looking to buy a home in Rio Rancho or the greater Albuquerque area? The first thing you’ll need to do is get prequalified for a loan so that we know what we’re looking for. We have a list of preferred lenders, or you can go through your personal lender. After you’re prequalified, you’ll begin to get emails from our team with new homes coming on the market and homes with price reductions or increases.
After perusing online, we can set up walk-throughs for homes you’re most interested to see. Once you make a choice, we’ll help you craft an offer and begin managing all the transactional details to get you to closing day. These details include setting up an escrow with the title company, arranging an appraisal, inspections, navigating any repair requests, and more. Our vast experience guarantees you’re in good hands, and we can help you walk through anything that could arise.
Buying a Home in the ABQ Area
While our Absolute Real Estate team is headquartered here in Rio Rancho, we help people buy homes all over the greater Albuquerque area. Here are some communities where we frequently help our clients buy homes.
Frequently Asked Questions
Your questions answered about buying a home in New Mexico.
What do I do first if I want to buy a home?
How much money down do I need to buy a home?
There are lots of options when it comes to loans, many of which are between 3-5% down. Some conventional home loans require that you put 20% to ensure that you don’t have to pay mortgage insurance. When you share your financials with your lender, they’ll be able to give you a clear idea of what loans you qualify for and how much you will need to put down.