Your Rio Rancho
Real Estate Experts
Whether You’re Buying Or Selling A Home In Rio Rancho, our expert realtor® team at Absolute Real Estate will take care of you.
About Absolute Real Estate
We believe in Good Homes for Great People.
Exclusive Listings in Rio Rancho and
the Greater Albuquerque Area
We Love Rio Rancho, NM
Our home office is in Rio Rancho, and we are passionate about helping great people find good homes in the area.
We love Rio Rancho because it’s easy to access so many of the great things New Mexico has to offer from this city. Of course, it’s just a short commute to Downtown Albuquerque for work and play. It’s also only a 25-minute drive to get to Cibola National Forest, and in town, you get those incredible mountain views too.
Rio Rancho is also home to New Mexico’s famous microbrewery, Turtle Mountain Brewing Company. And families love A Park Above for its universal design and accessibility.
Buying a Home in Rio Rancho
Good Homes for Great People
Selling a Home in Rio Rancho
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.
Do I need to use a realtor to buy a home?
Do you have referral partners (like lenders) I can work with?
Can I buy an investment property without selling my primary residence or having cash to put down?
What should I do to get ready for an appraisal?
When getting ready for an appraisal in Rio Rancho, the first thing we recommend you do is create a list of things that make your home special. Make sure you highlight features of your home that are upgrades, features that are new, or other things that set it apart from other homes in your area. Also, make sure your home is picked up and tidy so you can create a good first impression with the appraiser.
What should I do to get ready for a home inspection?
Before a home inspection, sellers in Rio Rancho might be tempted to worry. But, don’t stress. Just prepare your home as best you can by fixing anything that’s obvious and within your control. Touch up any paint that needs a touch up, fix cracks in that walls, make sure all your light switches are working, clear out any leaves and debris from the gutters and the roof, and keep you home picked up and key areas accessible like the AC unit, water heater, etc.
How long do you expect my home to be on the market?
The real estate market is always fluctuating. Sometimes homes are flying off the shelves, other times they sit there for a few months before the right buyer comes along. Both situations are normal depending on the current market. By setting up an appointment with our real estate brokers at Absolute Real Estate, we can help you get an updated idea of what it looks like to sell your home in the current market.
Are online estimates of my home value (like my Zestimate or Xome Value) accurate?
As a real estate brokerage in Rio Rancho, we will provide an estimate of your home’s value based on closed sales within the immediate proximity of your home. New Mexico is a non-disclosure state, meaning that the selling prices of homes are not public record. So your Zestimate isn’t based on data from sale prices of comparable homes. These estimates can only compare list prices in your area and data that it gathers about your home like square footage, year built, etc.
Can I sell my home without a Rio Rancho real estate broker?
It is possible, and legal, to sell your home without a real estate broker. It’s called FSBO or “for sale by owner.” However, the risks are certainly higher and there are many details to keep track of that are best handled by professionals with experience. A real estate broker markets your home for you, deals with all the paperwork including contracts, handles negotiations, and more. If you want to learn more about how a real estate broker can help you with the sale of your home, please give us a call!