In a recent post by the Bernalillo County Assessor stated that due to the current situation with the COVID19 property tax notice of value statements will not go out to property owners until April 29th, 2020 a month later than the normal date of April 1st. The reason this is important is because this is also the time that property owners are able to protest their current property values. Current law allows a cap of 3% each year for an increase in your property taxes but Bernalillo County allows property owners to file a protest if they fill that their value is not what the county NOV (notice of Value) has sent out. The process of protesting your property taxes and filing for other exemptions is fairly easy all your need is your local real estate professional Waylon Chavez with ABQ Premiere Properties. There he can access the multiple listing service and provide you with a current market analysis and the required forms needed to protest to the county. The only catch is that Bernalillo County only gives property owners 29 days to file a protest. That is a very short window to do so. The reason someone might want to protest their property taxes are there is slow growth in the area meaning the real estate market is not up to pace with other areas, you can claim more exemptions that could potentially save you money yearly on your house payment. The average savings for doing this is about $100 a month $1,200 yearly.
If you feel your property taxes are not correct or you would like Waylon to assist you in filing for other property tax exemptions please reach out to Waylon directly 505-302-2221 or via email WaylonChavezCRS@gmail.com.
Bernalillo County Assessor Statement
In a great article that came out today by Keeping Current Matters provides details on the economic impact on the economy in each state from each house purchase. In New Mexico that number is $67,000. The way that is determined is how many people and services are involved when you decide to purchase a home. During the real estate transaction you may not think of it this way but you are employing others in the process such as Realtors®, Mortgage lenders, Title companies, escrow officers, home inspectors, termite inspectors, roofers, handymen, cleaning companies, home stagers, landscapers etc. Not to mention once the home is purchases and you want to put your personal touch on a home and maybe re-paint, put new flooring, lighting, make a room bigger, expand in some way that is all contributing to our local economy which strengthens it. One other thing to consider when purchasing a home and all the people you employ during the transaction is when you use a local company like ABQ Premiere Properties to handle your real estate needs when we finalize the transaction and get paid for our services our money goes right back in to the local New Mexico Economy not paid out to a big real estate franchise in Texas, Colorado or any other state, it goes right back into our local economy to help our community.
One last thing to consider when purchasing a home is the benefits it will have for your finances and wealth in the future. On average real estate goes up in value 3-5% each year in normal markets which means over the course or 30 years your value goes up and your balance goes down which creates wealth for you and your family.
As you can see in the chart below the cost of renting over the years.
If you are curious or are ready to start the process of purchasing your new home I would love the opportunity to assist you. If you would like to set up a consultation please feel free to text me at
ABQ Premiere Properties
New Mexico Schools Closed for the remainder of the 2019-2020 School year due to Cornavirius health concerns.
In a press released sent out by Governor Michelle Lujan Grisham's office early Friday morning March 27th, 2020 stated that all schools in New Mexico will be moved to an online learning form of education for the remainder of the year.
Many New Mexico parents and seniors are wondering and concerned about what will happen with graduation, prom and other senior related activities. Per the press release this is related to seniors:
HIGH SCHOOL SENIORS
Individual districts will design measures by which seniors can demonstrate eligibility for graduation. Those measures could include testing, completing a series of assignments, achieving a set score on a college entrance exam or demonstrating applied work experience. Schools will be required to identify and support students in danger of not being able to graduate.
High school seniors will have until June 19 to demonstrate eligibility, and those who fail to do so will be offered credit recovery in the summer; they can also appeal to their local school board or to the secretary. No student will be denied graduation for lack of access to demonstrate competency.
Actual graduation ceremonies will be postponed or held virtually, depending on the prevailing public health order at the time.
Many high school seniors will have completed a college entrance exam already; additionally, many higher education institutions are expected to waive that requirement, and both the ACT and College Board are considering offering those exams in the summer.
You can read the entire press release Here
Your Home Selling Expert
ABQ Premiere Properties
After speaking with three renters today that are looking to purchase I added up the money they spent. One lady told me she paid $950 a month for 5 years, that is a total of $57,000 that she will ever see or get a return on.
If you are renting now I would encourage you to take your monthly rent multiply that by 12 then multiply that number by how many years you have been renting and post a gif or emoji in the comments that shows how you feel after seeing your number.
Interest rates are at the lowest point right now than they ave been in years so if you want your money to go towards something you will see a return on let's talk and let me educate you on the home buying benefits and process and see if it is right for you.
To start investing in yourself and your future contact Waylon Chavez with ABQ Premiere Properties.
ABQ Premiere Properties
In a new article published by Housing Wire it was stated that single family rents are continuing to rise. The report said that "November 2019 was the 67th month in a row that low-end rentals propped up national rent growth." Which means that is more money coming from you and your family. As where if you purchase a home your payment is set for 30 years the only thing that may increase/decrease your payment is property taxes and insurance not your landlord.
When you buy a home you are also investing n your future by a forced savings as home values increases on average 3-5% yearly, which means you are gaining equity that you can use to invest in other Real Estate homes or apartments and grow your wealth.
If you would like to see if purchasing a home is right for you and how you can possibly save money monthly by owning your home feel free to reach out to Waylon Chavez Directly at 505-302-2221.
ABQ Premiere Properties
In a new article from Big 7 Travel they have rated the top 7 spots for Chicken wings in Albuquerque.
As a local resident who was born, raised and own a business in Albuquerque I do agree with some but read to the end to see my #1 spot for wings. Hint (I prefer Local)
A quick rundown of the list is written in this article if you want to read the full write up of each location you can find the article here
7. Gecko’s Bar and Tapas6. Alien Brewpub
6. Alien Brewpub
5. Starr Brothers Brewing Company
4. Wings Gone Wild
3. Happy Chickenzz
2. Two Fools Tavern
1. Frank’s Famous Chicken & Waffles
Have you tried any of these establishments in Albuquerque for their chicken wings? If so do you agree with the list? Or do you have a favorite that is not on the list?
As for me I frequent The Office Bar & Grill on the Paradise Hills Golf Course. They are a local sports bar with a focus on customer service, getting to know their customers and most important great chicken wings and a fantastic menu.
Home Selling Expert
In a new article that came our from Builderonline.com states that is is cheaper to buy a a home rather than renting in 53% of the US housing markets. Other advantages to purchasing your own home is the forced savings you gain by paying your loan down while your value increases. Unlike renting where your rent is likely to go up each year at your landlords discretion when you purchase a home your monthly payment stays the same because your in a fixed interest rate loan.
As your local Real Estate Expert and Resource Waylon Chavez with ABQ Premiere Properties a locally owned independent Real Estate Company is here to educate and serve all your Real Estate needs from Selling, Buying & Investing. You can reach Waylon Directly at 505-302-2221.
Certified Residential Specialist
ABQ Premiere Properties 505-712-1340
I am very excited to launch and announce the new ABQ Westside Facebook group and podcast. As a strong community advocate and supporter of local businesses is the reason of the launch of this great community forums.
The mission an goal is to highlight the great things happening on ABQ's Westside to support the residents and companies that live, work & play on Albuquerque's Westside.
Tune into the launch of our Podcast and join our exclusive facebook community here and subscribe to our podcast here
Here is a little behind the scenes look and my final thoughts on completing my first 10K at the Duke City Marathon. Please let me know what you think, comment and share.
When selling a home one of the most common questions is "Do I replace the carpet or just offer a credit so they buyer can choose what they want'?
The answer to this question may surprise you. When I go in for a seller consultation and discover the sellers goals and motivation for selling I always ask and point out to them that they want to sell and be in the best negotiating position as possible. As a home selling expert my goal is to net the seller the most money therefore before the seller puts the home on the market we analyze their situation and calculate the investment vs the desired outcome of the seller. When the home needs carpet replaced when they buyer comes in to look at the property the focus goes to the dirty, old, run down carpet vs attention on the beautiful home. As you can see the difference in the video below, the seller chose to replace the carpet and you can see it was well worth the investment.
Waylon Chavez is Your Home Selling Expert and has been assisting Sellers, Buyers and Investors in the Albuquerque Area since 2006. You can reach Waylon Directly at 505-712-1340.
Waylon Chavez is a #1 Best selling author, Expert on the Science of Goal Setting & Achievement. Creator of Six Hours To Six Figures™ An Innovative Sales System.