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<Back to Page			Property 49 of 62 Selections

Sold - Newly Completed in Quintessence

$499,900 Motivated Seller

Photo of 10016 Alexandria Rd NE, Albuquerque, NM, 87122.

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Front Exterior : Impressive!

Address: 10016 Alexandria Rd NE	City/ST: Albuquerque, NM	Zip Code: 87122
Location: Quintessence	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 3400	Bedrooms: 4	Bathrooms: 2 full, 1 3/4 baths
MLS# 661164	Property Tax: 904

Price reduced! Brand New! Light and Open home has high ceilings, 4 bdrms+ study, exercise room, Elegant cutom Staircase, 2 living areas, and extra storage throughout. Juliette balcony off wonderful master retreat with mtn views. Gourmet kit that opens to the large brkfst nook with French doors leading to outside patio. 3 fireplaces with specialty Nichos Prewired for flatscreen TV's. Awesome 4 car garage and extra storage outside, plus room for the RV. Wonderful curb appeal with circular drive.

Last Updated: 5/30/2010 6:32:37 PM

Listing Agent and Office: Sherry D'Amato, Signature Southwest Properties

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Financing Your Home >Financial Help

Escalating home prices often cause many first-time buyers to seek help from their families for the down payment on a new home. If your parents are providing financial assistance for the purchase of a home, it is important that you have very clear agreements with them about the conditions under which their help will be provided.

Sit down with your parents to discuss the details of the arrangement. Is the money they are providing a gift or a loan? If it is a gift, be sure to check with your tax expert to minimize the tax implications. If your parents are loaning the money for the down payment, how will it be paid back? Will there be joint ownership with an equity-sharing agreement? Will your parents be named on the ownership papers with you? Are special documents needed?

Whatever form it takes, parents who help their children buy a home give them an incredible gift!

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Q	Lenders in 14 states--California, New York, Oregon, Utah, Vermont and Wisconsin and 9 others--have what in common?
A	Lender in these states must pay interest on funds held in escrow accounts.
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