Have you ever driven by a home in Albuquerque and wondered if it was for sale, even if there’s no sign placed out in the yard? Maybe you checked the listing on the internet, and still found no evidence it was for sale. So you just went on your way in disappointment, hoping that it might go on the market before you run out of time to find the perfect home.
Did you know that there is a way to buy a home that’s not technically on the market in Albuquerque? It may not be easy, and it depends on if the owner wants to sell or not. But if you tread carefully, there are ways to buy a home that’s not on the market. This can be done by looking for listings that were for sale in Albuquerque at one time, but were cancelled, withdrawn, or expired that can be an option. The best way to find these listings is by working with an agent. Sandi Pressley is familiar with the real estate market in Albuquerque and has experience helping home buyers find these types of listings.
Check for Cancelled, Expired, or Withdrawn Listings
Looking for homes that were previously on the market, but were removed for one reason or another, is going to be the most promising way to find a home you can potentially buy that’s not currently on the market. Working with a Albuquerque real estate agent who is familiar with the local market is the best way find these listings:
- Cancelled: These are listings in Albuquerque that were taken off the market by the seller and cancelled with the selling agent. In many cases, this happens because the home seller has decided not to work with the agent after a certain amount of time on the market. In this case, they may relist the home with another agent.
- Expired: When a home is for sale, there is a contract period that is set between the seller and the agent. If the home doesn’t sell during that period, it expires. There is a good chance the property will be renewed and come back on the market, perhaps with a different agent or for a lower price so that it will sell more quickly. We can help you find these listings.
- Withdrawn: A home seller may decide to withdraw their home from the Albuquerque market, but keep the contract open with the selling agent. There are many reasons this may happen. This is kind of like hitting the pause button. You or your agent might be able to contact the selling agent to see if you can talk the seller into making a deal.
If you do find a home that fits into one of the above categories, you and your agent should make sure it’s worth buying and what offer you should make for it. Sure, the home may look great from the curb, but do you know what it looks like inside or if there are any potential issues? You can also look at when the home was last sold or when it was last put on the market. You may be able to find recent information and photos to help you get a better idea of the condition of the home before you contact the seller or seller’s agent.
And don’t be afraid of rejections. Remember, you may be coming to them unexpectedly, and they may not want to sell right now. But don’t let that deter you. It may just be a deal that’s right for both you and the seller.
Make sure to join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Contact us today to help you buy or sell your next home in Albuquerque.
HOT HOME LISTING OF THE WEEK!
4 Bedrooms / 3 Bathrooms (3 full, 0 half) / 2275 Square Feet
Spectacular Sandia Mountains & Valley Views from this incredible 4BDR/3BA/3CG Corrales home! Enjoy the picturesque views from the great room, sunny breakfast nook, dining room, master suite & balcony! Open great room features wood ceiling, cozy kiva fireplace. Kitchen features granite countertops, beautiful cabinetry, island, bkfst bar, SS appliances, brick flooring. Study/Office/BDR and full Bath on the main floor. Two secondary bdrs share a Jack N Jill bath. Master suite features a double sided fireplace, East facing covered balcony, jetted tub, dual sink vanity and walk-in closet. Fully fenced property with gate entrance, lush grass, fruit trees, waterfall feature, raised beds, covered patio & balcony with amazing mountain and bosque views!
Contact the Sandi Pressley team for additional details!
Get your Morning Inspiration with the Sandi Pressley Team