| Private backyard oasis on spacious corner lot! Self-cleaning gunite pool, trumpet vine arbors, soothing waterfall Koi pond, and hot tub. Perfect for entertaining or just relaxing! Home is a delightful three-bedroom with numerous upgrades. Recently installed ceramic tile, wood laminate flooring, carpet, and exterior paint and seal. Snuggle up near the pellet stove in winter. Moments from parks, recreation path, shopping and elementary school. | ||||||||||||||||
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Category Archives: Home Buyers
Northern Meadows Market Report January 2013
| Northern Meadows Market Report January 2013 | ||||||||||||||||||
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The market in Northern Meadows has been fairly consistent over the last 15 months. Sold homes have fluctuated between 88 and 123 in the Rio Rancho Central region where Northern Meadows is located. The average price per square foot has also stayed with in a small range of $73 to $82 per square foot. The good news is the average days on market has dropped from a high of 163 days in November 2011 to 63 days in December 2012.
HP, a major employer in the Rio Rancho area and located near Northern Meadows, announced recently they will be moving 200 jobs out of the state. It is too soon to tell how this will affect the housing market in Northern Meadows but it will have an impact. This will be a major issue to watch in the next couple of months.
For a more detailed market report, please contact me and … |
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| Below are highlight properties for Northern Meadows Market Report January 2013. See more at the full report: | ||||||||||||||||||
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| See the Full Northern Meadows Market Report January 2013 | ||||||||||||||||||
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| Information valid as of January 23, 2013. Please contact us for the most current information and status of these properties. |
Rio Rancho home buyer grant program
Did you know the City of Rio Rancho has a down payment assistance grant? Many people don’t know this and it is a great program. The idea is to assist lower income households in purchasing homes in Rio Rancho. The funds are usually renewed each year but go fast! The great thing about the grant is that you can use it to offset the upfront cost of buying a home. Combined with FHA financing and a 3.5% down payment, buying a home can be affordable.
The Down Payment and Closing Assistance Grant will provide a grant up to $5,000 to qualified first time homebuyers. A first time homebuyer is defined as someone who hasn’t owned a home in the last three years. There are income guidelines as well based on family size. Home ownership counseling is a big part of the program and helps you to understand the complex process of financing and other ownership issues. Attendance at one of these sessions will prepare you to become a homeowner.
With rental rates going up, the monthly cost of a mortgage is lower than renting a comparable home in a lot of cases. Call or email me to get more details on the Down Payment and Closing Assistance Grant. I can even get you in contact with a lender familiar with the grant program.