Sarah Hites Real Estate, servicing Albuquerque, Rio Rancho, Cedar Crest, Tijeras, Belen, Corrales, Placitas, New Mexico

8206 Louisiana NE
Albuquerque, NM 87113

Phone: 505-319-4662
Fax: 505-797-5846

Buy A Home

You're looking for a new home and you want a good place to start. You've come to the right place. Sarah Hites will provide the resources you need to start your search. Then when you are ready, you can search our extensive database for the home that's right for you.

First-Time Buyers
Here are some factors you'll want to consider when getting started:

The decision to buy. . .is the time right for you?
How much home can you afford?
What type of home do you want?

Experienced Homeowners
How much equity do you have to work with?
Consider these factors:

Pricing your home
Enhancing Your Home
Marketing Your Home

Calculators

How Much Home Can I Afford?
This calculator will help you get a quick estimate of what type of house payment and loan amount you can afford based on your current total monthly income and debt payments. Fill in the following information and click the Calculate button for results.

Rent vs. Own
This Rent vs Own calculator allows you to compare the advantages and disadvantages of owning vs. renting a home. Fill in the following information and click the Calculate button for results.

How much will my payments be?
This simple mortgage payment calculator allows you to estimate mortgage payments for any fixed rate loan. Complete the following fields and click the Calculate button to find out your mortgage payment.

Amortization Calculator
This simple calculator allows you to calculate a fixed-rate amortization schedule. Fill in the following information and click the Calculate button for results.

Save by Making an Extra Payment
This mortgage prepayment calculator shows you how much sooner you pay off your loan by making extra payments. Fill in the following information and click the Calculate button for your mortgage prepayment savings.

Refinancing Calculator
This mortgage refinance calculator will help you determine what your monthly savings might be if you refinance your mortgage now. Fill in the following information and click the Calculate button to find your mortgage refinance savings.

Savings Calculator
This savings calculator can help you set your savings goals by calculating not only how much you need to save each month to reach your goals, but also how long it will take you to reach them at your current level of savings. Fill in the following information and click the Calculate button for results

How Long to Pay Off My Credit Cards?
This credit card payoff calculator will tell you how long it will take you to pay off your credit card bills with the amount you pay now, and how much more you would have to pay each month to eliminate your credit card debt even sooner. Fill in the following information and click the Calculate button for results.

What It Takes to Become a Millionaire?
This millionaire calculator shows you how long it will take you to become a millionaire. Fill in the following information and click the Calculate button for results.

These calculators and reports are intended for informational purposes only.
Contact us for more details.

The decision to buy -- is it the right one for you?

Today, home buyers have more choices than ever before. You can choose financing options that are flexible and affordable, home styles that fit a variety of lifestyles and professional services that make the home buying process fast, effective and enjoyable.

When you begin the decision-making process of buying your first home, your GMAC Real Estate sales professional can guide you through the pros and cons of renting vs. buying. A simple evaluation can help you decide if you are financially and personally ready to make the investment of homeownership.

Here are some facts about homeownership that may surprise you:

Homeownership can be a good investment opportunity. A house offers leverage and the possibility for appreciation in value. And, you can use this investment while it's working for you!
You can't afford to overlook the tax breaks of homeownership. Since mortgage interest and property taxes are tax deductible, homeownership can save you money each year.
Young people aren't priced out of the market. Figures from the National Association of Realtors put the average age of first-time buyers at 32 years old. Ask your GMAC Real Estate sales professional about the number and variety of financing options available.
Renting doesn't protect you against rising prices. Rental units are just as susceptible as homes to increases in taxes, insurance, utilities and other costs. Landlords will pass along these increases to the tenants.
The waiting game is a losing game. Don't put off buying a home waiting for prices to come down. For example, from 1984 to 1994, the median price of existing homes increased from $89,400 to $145,400 -- a total increase of 61 percent.
Ask your GMAC Real Estate sales professional for a copy of "50 Facts About Owning a Home." This brochure outlines basic information about homeownership.