In 2017, we think the buyer's agent is going to be an even more important asset.
The key reason we say this is that buying a home in this area could get even more competitive this year.
In our mid-week blog last week, we looked at the very positive latest Albuquerque area statistics and reflected on their only significant negative - inventory of available homes for sale, which sunk to a multi-year low last month.
While there were some signs of a small year-on-year improvement in new listings in December, it has to be acknowledged that demand is somewhat outstripping supply at the moment, in terms of there being a wide range of choices at any specific price point.
And one of the biggest questions for the next few months is will improved confidence in jobs and the economy translate to more people selling their homes?
Time will tell, of course, but in the meantime you'd do well to link up with the very best buyer's agent you can find.
Right now, competition for homes is hot, so it's absolutely essential that your agent is out there batting strongly for you on a daily basis.
A first class buyer's agent enjoys excellent relationships with many agents who list homes, often to the extent that they will know what is coming onto the market even before a home has been listed on the multiple listing service (MLS).
Clearly, the earlier you are able to view a home in the present market conditions, the better your chances of getting an offer accepted.
The last thing you want right now is an agent who simply scours the MLS for the latest homes. By the time this occurs, the best buyer's agents will already have been in touch with their contacts and matching upcoming properties to their clients needs, arranging the earliest possible private viewing.
That old phrase "the early bird catches the worm" is very relevant to today's vibrant marketplace. We've seen an exceptionally strong winter market that has continued to thrive even in spite of recent mortgage rates rises, which are nonetheless still very competitive in any historic context.
Buyers have clearly recognized the importance and value of acting fast in the present situation. It's imperative, therefore, that buyer's agents work diligently for their clients, in terms of being very quick off the mark with newly available properties that match their needs.
And when the right home is found and it comes to making a successful offer, the experienced agent knows how to negotiate the very best deal for you, as well as providing exceptional levels of support throughout the closing process.
If you've been trying to buy a home and haven't yet managed to secure one that meets your criteria, perhaps it's time for a chat with your agent about how he/she is tackling the situation on your behalf. Alternatively, why not contact us today for an informal discussion as to how we can make the difference for you in today's competitive purchasing market.