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
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 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
In today's Homeowner tips Waylon Chavez talks with Tyler Cash owner and licensed contractor of 99 Restoration. Waylon and Tyler discuss the importance of having a licensed roofer evaluate your roof once or twice a year. What you can do as a homeowner to be proactive in the maintenance of your roof.
You can reach Tyler at 505-999-9322 or on his website
Waylon Chavez is your Home Selling Expert and owner of ABQ Premiere Properties and you can reach him directly at 505-712-1340.
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.
It' 2019 and the majority of people are communicating through text, email and social media. But there is still a large group of consumers that still like to call and personally talk to a salesperson wether it be a Realtor®, Mortgage Professional, Insurance Salesperson or any of the other hundred's of sales professions. As a consumer and Realtor® I can see both sides of the spectrum, on one hand people are inundated with spam and robo calls daily, but on the other we are still professionals here to do a service for our potential customers as well as or current. So that being said according to a study published by the New York Times in 2017 States that:
How much could you be missing out on each year by not picking up your phone? Well in my personal experience today the customer is relocating with the Military and is looking to purchase a home between $200,000 - $230,000 which translates to $7,000 in potential commissions for me, but most important is I get to serve a family and help them relocate and start their life in a brand new city.
What could that do to not only your business but your lifestyle by just answering your phone and being proactive?
Watch my video below on my personal experience with this topic.
Waylon Chavez, CRS
As your Real Estate expert I make it my mission to not only assist you with your needs of buying and selling but also building wealth through Real Estate Investments.
I'd love to sit and talk with you and educate you on the may ways to start your Real Estate Investment portfolio. NO you don't need to have a pile of money to start. I can show you how.
Take a look at the profile of Real Estate Investors, as you can see it's not the big corporations it's people just like you and me.
“Investor buying activity in the U.S. is at record highs. And our records go back confidently, about 20 years…
What’s going on and why? Well, it turns out, it’s not the big institutional guys that are leading the increase in home buying. It’s actually the smaller guys. It’s those that have bought between one and ten properties over this 20-year period, they’re the ones that are really leading the increase in investor home buying.”
As the graph shows, the percentage of “Mom & Pop” investors is currently dominating the number of homes purchased by investors, as the percentage of homes purchased by both professional and institutional investors is falling.
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.