Aaahh Chiro Spa's Dr. Kirk Manson

Dr. Kirk Manson Chiropracter at Aaahh Chiro-Spa will be on KQNM radio tommorrow morning at 8am. Turn your radio to 1550AM to learn information from one of Albuquerque's Best Chiropracters.

For more information on Aaahh Chiro Spa visit their website:

http://www.aaahhchirospa.com

AaahhChiroSpa
Dr. Kirk Manson
1804 Carlisle NE
Albuquerque, NM 87110
(505) 884-0044

Dr. Manson is currently accepting new patients and accepts most insurance carriers.

Welcome to the "Great Deflation"

We have heard alot of talk that we are in a recession or possibly a depression. If you read back in the history of this blog to February 2007 when I started speaking of the current economic crisis, the experts say no one could have foreseen how bad it was? Couldn't they? Can a Realtor Blogger from Albuquerque, New Mexico been the only one seeing it coming? I do not think so.

While housing in Albuquerque is still relatively stable it is suffering the effects of the over all US Economy, we are not immune, but home prices fell 4.8% last year after 3 years of record growth. Albuquerque as a whole has only fallen in two other years 2001 & 1982 so all in all not a bad record.

Why am I coining the term "The Great Deflation"? because typically in the past in order to combat inflation or deflation the Fed has manipulated the interest rate either higher or lower to increase or decrease the money supply. This time however with the interest rate at record lows, and the measure of CPI (consumer price index) we are seeing an over all drop in demand for consumer goods and services, with job losses, declining wages, declining home values and stock portfolios will only lead to further deflation as businesses lower their prices to get consumers back in them and spending again.

Is it a good time to buy an Albuquerque home? Absolutely, the biggest mistake consumers make is trying to buy at the absolute low in the stock or housing market. Consumers wait to long until the prices are back up in a frenzied pace like 2005 & 2006.

Is it a good time to sell an Albuquerque home? That depends on your individual neighborhood. If there are 3 or more recent REO's or Foreclosures on your block you might be better off staying put. If every other house on the block has a for sale sign on it you might have tough competition. But no matter what market we are in good or bad the old saying: Price, Conditon, Location match the buyer you will get your home sold."

So shop with our affiliates who already have great savings on products everyday:

Paul Allen Homes

Want to extend a special thank you to Rex Paul Wilson & Robert Allen Lupton for inviting me to attend the press conference held by Mayor Martin Chavez out at their Green built community Sawtillo. Paul Allen homes is the City of Albuquerque's first approved Green path builder. To take a tour of the model homes in this community give us a call, you can also obtain floor plans from the New Construction page of www.BuyaHouseNewMexico.com or for more information about Paul Allen homes visit www.PaulAllenHomes.net We will be happy to mail out an informational packet reply for more information anywhere on the buyahousenewmexico.com website and put PaulAllen in your remarks.

We would also like to welcome our new affiliates Cheapoair & Kitchen Universe:

Free Albuquerque Home Search

Located on the left side of the BuyaHouseNewMexico.com website you can search for properties in Albuquerque by selecting one of these 3 buttons:

Featured Homes
New Construction
Search Listings

Featured Homes: By clicking on this button you will see the homes listed by Coldwell Banker Legacy Realtors Jordan Knecht & William Staab; contact us we would be glad to ad your home to this list and get it sold!

New Construction: This button alows you to search for New Home Construction directly from the builders, you can even have floor plans of the proposed models emailed directly to you!

Search Listings: Search for all properties listed in the Albuquerque Metropolitan Area through the MLS system. You can even set the search up to email properties to you as soon as they come onto the market, the email will be filtered to properties that fit your number of bedrooms, square footage, and location depending on the information you provide.

Another button is the Pre-Qualify button, click on this page to see trusted lenders with have worked with in the past that can provide you with home financing solutions; you can pre-qualify for a mortgage right online (the information goes directly to the lender).

We are proud to announce that we have worked out a savings deal with Dollar Rental Car. You can check out our online affiliates here on the blog pages or on the 2nd page of the Relocation page on www.BuyaHouseNewMexico.com to find travel and home improvement discounts.

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Go Green and Keep New Mexico Free of Asbestos!

By: Joe Lederman
Mesothelioma Cancer Center
www.Asbestos.com (click on title go green for direct link to website)


If you are in the real-estate industry or are a potential homebuyer, you may be at risk for asbestos exposure. Homes or buildings built prior to 1980 have a strong chance of containing asbestos, a mineral used throughout the 20th century in many building applications. There are many natural asbestos deposits in New Mexico, as well as several oil refineries and two power plants. Asbestos exposure is possible or has been noted at all of those locations. Real Estates man and potential home buyers should be aware that asbestos exposure can cause many health concerns for you and your family.

Popular because of its durability and resistance too many weather deteriorating conditions, asbestos was used in the manufacturer of thousands of products. Asbestos exposure causes an extremely debilitating and fatal lung ailment known as mesothelioma. Asbestos-related disease typically has long latency periods, sometimes taking up to 50 years for symptoms to develop. This makes it difficult for physicians to diagnose and treat. Even if your home or jobsite has had asbestos removed, exposure may have occurred previously.

The New Mexico Environmental Department is an organization that oversees the removal of asbestos from workplaces, homes and buildings. It is especially important to determine if asbestos is in the water or steam pipes. It is best to coat them with modern protection such as plastic or sprays that will encapsulate its fibers. Removal of asbestos must be performed by licensed abatement contractors who are trained in handling the substance. Once the area is clean, green eco friendly options should be considered. These include: cotton fiber, cellulose and lcynene, a water based spray polyurethane foam that features no toxic components.

Due to these recycled materials, waste is decreasing in crowded landfills. Currently, many cities in the U.S. have created lumberyards which re-store recycled building substances that are authentically strong and inexpensive. Many people do not give much thought into what is being consumed around them throughout their daily lives. Americans in the workplace don’t pay attention to the air they breathe while at work or leaking faucets in bathrooms.

Many cities are adapting to this new green paradigm. In New Mexico, construction practices are upgrading methods to suit better lighting, heating, cooling systems and environmentally habitable insulation. Studies show that cotton fiber insulation can save homeowners 25 to 35 percent of energy usage every year. The Green Building Resource Center indicates that in the U.S., buildings account for 36 % of energy use, 65% of electricity and 30 % of all greenhouse gas emissions.



Check out:
Mesothelioma Cancer Center
www.Asbestos.com

Was it the Night Before Xmas

Was it the Night Before Xmas, when all through the house
Not a creature was stirring, not even a mortgage lender.
The stocks and bonds were all burned in the chimney with care,
In hopes that the Fed, The I.R.S. or Bernard Madoff were not there.

The children were nestled all snug in their beds,
While visions of bill collectors danced in our heads.
And mamma in her Nordstrom's and I in the GAP,
Had just settled our credit card bills hidden under a cap.

When out on the lawn there arose such a clatter,
I sprang from the bed to see what was the matter.
Away to the window I flew like a flash,
Tore open the shutters and threw up the sash.

The Realtor walking on the new fallen snow
Gave the lustre of mid-day to foreclosure sign below.
Then what to my wondering eyes should appear,
but a sheriff, his deputies all drawing near.

With my golf clubs and driver, so lively and quick,
I knew in a moment we had to get out quick.
More rapid than vultures the auctioner came,
and he whistled, and shouted, and called buyers by name!

Now 100! now, 200! now 250 no more!
On 255, On 260, 260 and more!
To the top of the porch to the top of the wall
Now get away, get Away, get away all!

So mama and I and the children did leave,
thanks to George Bush's economy and the pink slip in my sleeve.
The future is bright a bank bailout on the horizon,
I leave with my cell phone turned off by Verizon.©

Written by William Staab adapted from the poem Twas the night before Christmas by Clement Moore. No part of this article may be publish or reprinted without the sole consent of the author or this blog/website.

WIN Home Inspection in Albuquerque, Rio Rancho & Santa Fe

The best time to start a maintenance program for your home is now!

A well-maintained home is safer and more comfortable to live in and also improves its salability if you should put it on the market. An example of a maintenance issue that would make a home more comfortable is proper/effective sealing (weather stripping and caulking). Weather stripping the doors and windows, caulking around the door and window frames, and caulking around other penetrations, such as plumbing and electrical penetrations, not only keeps the items off the inspector’s list but may have the highest cost-to-payback ratio of any maintenance you can do. You would not want to leave a window open year round but that is what a poorly sealed home can be compared to with regard to your comfort and energy cost. While you have that caulk gun warmed up make sure that the caulk in wet areas, such as the tub/shower, is keeping moisture in its place.

Another example where maintenance adds to the comfort/ salability of the home is the heating system. Along side the water heater, heating systems are arguably the most taken for granted systems in today’s home. Heating systems should be inspected and adjusted annually by a qualified HVAC technician. Debris build-up in the burner chamber can alter the fuel-to-air mixture and reduce its efficiency. A failure in the furnace may cause high levels of Carbon Monoxide (CO) in your home, so have it maintained regularly. Write the service date on a card by the system. If your heating system is over 10-15 years old, the payback to replace it with a more efficient model may be in the two- to three-year range.

Roofs are another overlooked area in many of the homes I visit as a home inspector. Just because the roof isn’t leaking doesn’t mean that it doesn’t need maintenance. If you have a fear of heights or even lack experience working at heights, this will be something you want to have performed by a professional. Leaking roofs can cause damage to the interior of the home which may cost more to repair than the roof repairs. Even worse, undetected or ignored roof leaks may contribute to bio-organic growth such as mold and mildew. Flat roofs need maintenance every two years or less and if your roof is pitched, sealing around the roof’s penetrations should be done every two years. The sun we so love here in the southwest sends UV rays that are as harmful to some roofing components as they are to our skin. Use sunscreen and maintain your roof.

Another energy-saving and safety-related issue is the dryer vent in your home. A clogged dryer vent can add substantially to the energy cost to operate your home. Some claims I have read indicate that it may cost an additional $15.00 a month to dry your clothing if the dryer vent is full of lint. More importantly, clogged dryer vents are a leading cause of home fires. After cleaning the vent, replacement of the plastic flexible vent extension that extends between the dryer and the wall vent is also recommended. The metal extensions have less resistance than plastic, and may help contain a fire if one should occur. The new expanding metal dryer-to-outside vent extensions also allow you to place the dryer closer to the wall without crushing the vent extension.

These are some great starts to a proper maintenance program for your home. Added comfort, reduced energy cost, increased salability of your home--three great reasons to start today. If you need some help learning how to do some of this maintenance, search the Internet to find some specific how-to sites. A great site for energy tips can be found at http://www.pueblo.gsa.gov/cic_text/housing/power-smarts/

Information provided by:

WIN Home Inspection Paul Norris
Certified Real Estate Inspector
P.O. Box 15758
Rio Rancho, NM 87174
(505) 892-5599 -Rio Rancho
(505) 466-7243 Santa Fe
www.wini.com

Contact Paul Norris for your next Home Inspection

ALBUQUERQUE HOME AUCTION! 12014 Sullivan 87114

Auction Date: 12/10/2008 at 10:00am
Starting Bid: $99,000

12014 Sullivan Albuquerque, New Mexico 87114 2019 squarefeet, 3 bedroom Pueblo Style home, built about 10 years ago we believe by Sivage Thomas. Property sold as is, on site. Property will be open for viewing 12/10/2008 at 8:00am if you have not gotten the opportunity to view during the open houses. Property has great views of Sandias from upstairs dayroom and balcony, enclosed front porch and 2 glass fireplaces that pass through mastersuite to masterbath and from living room to dining room. Kitchen has breakfast nook that has sliding glass doors to patio and coy pond. Mastersuite has seperate door to a back patio and is on the main floor. Large Celestory windows and high 18ft ceilings in living room.

You must:

Register online 48 hours prior to auction at http://ushomeauction.com
Bring a $5,000.00 cashiers check made out to yourself.
A personal check for any earnest money overages etc.
Close on the property within 30 days
Bring proof of funds or letter of prequalification from a/your mortgage lender or contact Ana Lisa Cordoba D.L.Cline Mortgage 379-8722 or Charel & Shawn Lock Legacy Mortgage 792-7648 (more information on http://www.buyahousenewmexico.com/custom/mortgages.htm
All Inspections must be completed on the property prior to auction there will be no access to property until after Title closing.

Great Government Giveaway

I was watching the financial news today, my mind finally gave up trying to wonder where and how much of "OUR MONEY (or our grandchildrens money)" was now going to which wall street firm or bank and to bailout who.

Citigroup got how much?

Wells Fargo I wouldn't come knocking anytime soon after the merger with Wachovia since the top ten executives are getting $98.1 million in compensation as part of a severence package.

So exactly what is the running number of how many Billions of Dollars we are "Giving Away" exactly what are the terms of getting any of this money back?

Well in the spirit of giving instead of writing a check to your local Wall Street CEO or other corporate executive I recommend these charities:

ROAD RUNNER FOOD BANK
2645 Baylor SE
Albuquerque, NM 87195
Donate online: http://www.rrfb.org/
To Donate Time: Christina Berlin (505) 247-2052

American Red Cross
142 Monroe NE
Albuquerque, NM 87108
http://www.redcross.org
(505) 265-8514

Habitat For Humanity
204 San Mateo
Albuquerque, NM 87108
http://www.habitat.org
(505) 262-0057

Remember also to shop with our affiliates all the money raised is going to help the midwest mississippi river flood victims from earlier this year until December 31, 2008:

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Enjoy Black Friday and remember houses make a fantastic holiday gift or a anytime gift I have yet to find one person that has not been happy to receive a house as a gift, give Jordan or I a call and we will help you pick out the perfect house.

"No one ever looks a gift house in the mouth!" LOL!

Happy Holidays!
William Staab & Jordan Knecht
Abaris Team

Albuquerque Foreclosures

Most of the calls we have been receiving lately everyone wants to get in on those great foreclosures everyone has been talking about. Well purchasing a R.E.O. (Real Estate Owned)bank property or a foreclosure can be the way to go but you do have to realize that these homes were left in what ever condition by the previous owner. If you are handy with a set of tools or have a few extra dollars to spend when you first move into the home a foreclosure or REO Bank owned property can be ideal for you.

Foreclosures can be found in all price ranges around Albuquerque although I am not 100% postive that Abaris Team William Staab & Jordan Knecht represent the highest priced foreclosure in town (if you find one higher I would be glad to post it on this sight) but 13416 Desert Zinnia is definetly close at $1,139,000.00 MLS#634738(as of today posting date). Foreclosures in any price range are usually priced below a recently appraised value which the bank or Government agency has done before the home is placed up for sale. Sometimes you can benifit from a significant equity grab at the time of the purchase.

Some of the downfalls of a R.E.O. or foreclosure is that there is usually no past history of the property of who or how it was built. The property is also conveyed by Special Warranty dead rather than by General Warranty Deed. A Special Warranty Deed means that the chain of title goes back only as far as to the issuer not on the entire history of the property. You also have to be flexible in time to close on the property which normally takes 45-60 days to close rather than the typical 30 days for a normal transaction. Finally you will be responsible in most cases to accept the property as-is the bank or government agency will not make any repairs for you or allow you to make any repairs until the property has funded and closed. In some H.U.D. auctioned homes an escrow may be held until the repairs are completed on the property to meet the standards of F.H.A. Loan standards (for more information on FHA Loan programs call AnaLisa Cordoba at D.L.Cline mortgage (505) 379-8722).

Since Abaris Team William Staab & Jordan Knecht represent alot of R.E.O. Bank owned properties by all means keep those phone calls coming! But unlike other parts of the country the economy hear in Albuquerque is stable and I truely hope no one is forced into foreclosure in 2009; and we do not have to list any homes in short sale, bank owned, or foreclosure but from happy home sellers!

Visit our affiliates and until December 31, 2008 all proceeds go to the Mississippi / Wisconsin River flood victims from earlier this year:

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Wall Street Journal Dart Board Contest

Yes! That's me in the 33rd Wall Street Journal Dartboard contest. I am honored to be chosen for my pick of Rangold Resources Ltd.(GOLD) Follow along in the Money section of the Albuquerque Journal or the Wall Street Journal for the next six months on sunday to see how my stock performs along side the other picks.

I hope alot of you got the opportunity to attend the Albuquerque Balloon Fiesta, i attend every year and hope someday to have my own balloon in the event.

Remember to visit our affiliates to help raise money for the Mississippi River Flood victims:

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Federal Bailout

With the passage of the Bill signed into law on friday October 3, 2008 for the Wall Street and Banking crisis in the amount of $700,000,000,000.00 plus an additional $140,000,000,000.00 for earmarks I think with those earmarks you could build a bridge to nowhere everywhere or in every state.

I would really like to see how you would spend your $700,000,000,000.00 comment on this blog email this to your friends family and co-workers. I am excited to hear your responses.

I would give $233,000.00 to every man,woman,baby that is an american citizen to use to purchase a home, pay off credit card debt, purchase an IRA or 401K plan for retirement savings, pay for college, remove everyone from the welfare roles, or pay for surgery medical bills for those that have no insurance.

$840,000,000,000.00 divided by 305,000,000 million americans = ....you do the math??

America's Financial Bailout

First let me say, I severly doubt the bailout is going to be enough to stabilize the market through the election in November, I actually think we should see some more activity to the down side in about 2-4 weeks. But then again what do I know?

I first mentioned in February 2007 the closing of ResMae & Fremont Bank and the begining of the subprime mortgage mess. I told you in January 2008 in the "It's a Wonderful Life" article bad times were coming. I wasn't quite expecting it in September but October came early.

I watched the Emmies last night and always get emotional during the "In Memorium" segment so although it is not the end of the year I think it is only fitting through this crisis we say goodbye to some financial companies we know and loved in 2008:

Failures:
Douglas National Kansas City,MO January 25, 2008
Hume Bank Hume, MO March 7, 2008
ANB Financial Bentonville, AR May 9, 2008
First Integrity Staples, MN May 30, 2008
Indy Mac Pasadena, CA July 11, 2008
First National Bank of Nevada Reno, NV July 25, 2008
First Heritage NewPort Beach, CA July 25, 2008
First Priority Bradenton, FL August 1, 2008
The Columbian Bank & Trust Topeka, KS August 22, 2008
Integrity Alpharetta, GA August 29, 2008
Silver State Bank Henderson, NV September 5, 2008
Ameribank Northfork, WV September 19, 2008

Bankrupt or Bailed out on Wall Street:
Bear Stearns
Lehmann Brothers
Freddie Mac
Fannie Mae
Merrill Lynch
AIG

We are all waiting on the bailout plan which is expected to cost 700 billion dollars (only the latest bailout this does not include the earlier Bear Stearns and mess). I hope whoever is elected on November 4th, 2008 will stop rewarding Wall Street and company CEO's for their bad behavior at the expence of the shareholder and American taxpayer.

What does this mean for you if you are looking to buy a home? Low interest rates, large amount of home inventory to choose from, falling home prices nationally although only very slightly in Albuquerque. Jordan and I keep hearing "We want to wait until the prices fall some more" Holding off to buy that home may not be the best idea. Currently home buyer down payment assistance programs are going away. In the future you may not be able to qualify for a home loan under future conditions without putting 25% of the purchase price down for example. You may need a credit score of 760 or above or other examples. The market also may never go down. We all hear about the un-ethical Realtors, Mortgage Lenders and Home Builders that got us into this mess (rather than the truth up at the Fed and Wall Street) but not much of that around here in Albuquerque where the foreclosure rate is 951 to 1 verses San Bernadino, CA where the ratio is 60 to 1.....?

I truely believe now is the right time to buy a house if you are looking for a home to live in, can afford the mortgage payments, and can qualify. I also believe it is a good time to sell your house especially with a top notch Real Estate company like Coldwell Banker Legacy and Realtors like William Staab & Jordan Knecht! Our philosophy is to help guide you in making a wise Real Estate investment decision regardless if it is your first and ever only home or the begining of your Real Estate empire!

Do you like all the BuyaHouseNewMexico Flyers, Mailings and Business Cards? Then check out this website: http://www.SoundBoxGraphics.com

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Fannie Mae & Freddie Mac Bailout

Chairman of the House Finance Committee Barney Frank (Dem)-MA has confirmed that the government will step in to bail out ailing companies Fannie Mae & Freddie Mac who have lost over 14 billion in the last 4 quarters.

Initial speculation of a takeover sent share prices plummeting after close of Wall Street on Friday. The potential cost to tax payers is estimated at somewhere around 25 Billion.

Both CEO's Daniel Mudd of Fannie Mae & Richard Syron of Freddie Mac are expected to resign.

It is unknown at this time just how the restructuring will take place.

Ordinarily I would not comment or provide an editorial on the effects of this bailout but lets just see if in hind sight I will be correct or not:

Joe Shareholder of Fannie Mae & Freddie Mac....Thanks for playing but your investment portfolio is now worthless.

CEO's and other corporate executives of Fannie/Freddie, exercise your stock options, retirement packages and balloon payments and walk away with millions & millions of tax payer dollars.

Reminds me of the Savings and Loan Scandals of the 1980's and the Keating 5 (refering to Charles Keating that ran Lincoln Savings and Loan) who were suspected of corruption.

John McCain R-AZ
Dennis DeConcini D-AZ
Alan Cranston D-CA
Donald Riegle D-MI
John Glenn D-OH

The Savings and Loan scandal lead to 747 Savings and Loans going under a complete collapse of the FSLIC and a cost to taxpayers of 124 billion dollars. Lincoln Savings & Loan and parent company American Continental Corporation went bankrupt on April 14, 1989. Close to 21,000 elderly and Senior investors lost most off their life savings totaling nearly 285 million dollars.

Footnote: Senators John McCain & John Glenn were cleared of all allegations.






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