✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. Learn how NAR’s settlement affects home sellers.
The New Mexico housing market is finally cooling off. Mortgage rates have shot up. They are expected to remain elevated through 2024.
If you’re a home seller, you’re nervous to sell now with dropping prices. You also don’t want to sell your low-interest mortgage home and buy another home at the current interest rates.
Should you sell now before home prices plummet? Or wait for rates to fall? Unless you want to learn how to sell a house by owner in New Mexico, you’re looking for a REALTOR to help.
If you’re a home buyer, you don’t know whether you can even afford a home. Prices are still high. And interest rates have added hundreds of dollars to your mortgage payments. Is now the best time to buy a house in New Mexico? Or wait?
A great REALTOR can help you navigate these choppy waters and make the right decision. And once you decide, they can be the pro you rely on to help you buy or sell.
Some REALTORS will save you thousands with technology. Others will help you sell your luxury property for top dollar, and still, others can show you how to stop foreclosure in New Mexico.
Check out the top-ranked real estate agent in New Mexico.
Review: The Best Real Estate Agent in New Mexico
1. Jared Andrew English
4.9/5
(127 reviews)
Queen's Take
Jared Andrew English is an experienced Flat Fee MLS broker, and has represented thousands of home sellers. Congress Realty covers all major MLS’ in Washington.
Jared Andrew English is a Flat Fee Realtor licensed in 12 states. Jared offers 3 Flat Fee MLS packages and 1 full-service package.
- Basic Package – $299: It includes a listing term of 6 months with 4 photos and access to all state forms and disclosures. It also provides the showing appointment tool, and up to 5 free listing changes.
- Plus Package – $399: The services offered are similar to the basic package. You can make up to 10 free listing changes. Additionally, buyer leads are forwarded to you.
- Premium Package – $499: You get all the services from the Plus package with unlimited open house postings. You can make unlimited listing changes. Your listing also gets featured on social media.
- Full-Service Package – $399+0.5% Commission: This package comes with the assistance of an agent to help you with negotiations, contract review, and closing. You will 0.5% at closing.
Listing Upgrades: In the cheaper plans, you have to purchase upgrades separately. We’ve summarized all upgrades below.
- Call Forwarding: $50
- Max Photos (if more than 25): $50
- Open House Advertisement: $50
- Listing Renewal: $175
👉 Our Take: We recommend Jared for being highly knowledgeable with stellar customer reviews. His Premium package allows unlimited changes, so it’s worth it mentally and likely financially.
» Jared English, Congress Realty: Check out the services offered by Jared English via Houzeo.com
Congress Realty is an excellent Flat Fee MLS option for sellers looking to sell their homes fast.
- Very Experienced & Highly Rated Broker: There are very few brokers as capable as Jared Andrew English. If you are buying or selling, Andrew provides excellent representation and works hard for your interests.
- Excellent Customer Service: Very few brokers are as fast and reachable as Andrew and his team at Congress Realty.
- Transaction Sides: He has sold 605 properties in the last 12 months.
- Houzeo Agent Advantage: Access to a 100% online platform that facilitates easy listing, fast changes, online showings, and offers.
In our research, we found no red flags with Congress Realty. Jared Andrew English has a stellar reputation within the Realtor community.
Congress Realty however has a significant number of upgrades. They can add up quickly, so if you’re opting for a cheaper plan we recommend you budget for these.
Congress Realty has an “Excellent” 4.9 out of 5-star rating from 127 total reviews on Houzeo.com.
What are Real Estate Agents?
Realtor Agents are real estate professionals adhering to the code of ethics laid down by the National Association of REALTORS (NAR), America’s largest real estate association.
To become a licensed member of the NAR, real estate agents or brokers have to be certified members of a local realtor association and complete their NAR Code of Ethics training.
The designation of a Realtor in New Mexico is open to a variety of professionals like commercial brokers, agents, appraisers, property managers, and counselors working in the real estate sector.
» NAR Code of Ethics: A Comprehensive Guide.
What is the Average Real Estate Agent Commission in New Mexico?
The average Realtor commission in New Mexico is typically between 5 and 6%. However, this fee is negotiable and varies from sale to sale depending on the region and the firm REALTORS work for.
🔎 Average Real Estate Agent Commission: Know what is the average real estate commission in the U.S
💸 Want To Save On The REALTOR® Commission?
We have got you covered. Sell your house with Houzeo.com for a small flat fee – as less as $349!
START YOUR MLS LISTING NOW
REALTOR vs. Real Estate Agent vs. Real Estate Broker
Real Estate Agents: Agents are licensed professionals who represent buyers or sellers in real estate transactions. They must work with a broker or a brokerage.
Real Estate Broker: Brokers are agents with experience and a license, allowed after completing additional coursework. They can either start their own brokerage or work independently as agents.
REALTOR®: REALTORs are agents or brokers that are members of NAR and follow NAR’s code of ethics. Their modes of operation and responsibilities include that of agents and/or brokers.
How to Find a Real Estate Agent in New Mexico?
Home sellers and buyers can find a top real estate agent in New Mexico with proper research. If you wish to sell a single-family home or a condo, it is essential to find a REALTOR specializing in that sale.
We have listed the process for finding a New Mexico Realtor who will help you in your real estate journey.
How to Find Realtors in New Mexico
- Look for real estate agents or brokers who are members of the NAR.
- Verify whether they provide cutting-edge tech.
- Check their customer reviews.
- Find out whether they offer optional online paperwork.
- Interview Realtors and convey your requirement.
- Compare the Realtors based on commission percentage and services provided.
- Finalize the one that best understands your real estate goals.
» Best Realtors: Here are the top REALTORS in the US you should know!
Can You List Your Home on the MLS Without a Real Estate Agent?
No. Only licensed real estate agents have access to the MLS. There is no way to list on the MLS without an agent.
You can just opt for a Flat Fee MLS listing service. With a Flat-Fee MLS listing, you pay a small fee instead of a full listing agent commission. A Flat Fee MLS listing is the fastest way to get listed on the MLS and hit the market.
With high-tech services like Houzeo real estate, you can get listed faster than a traditional full-service Realtor. And save thousands!
» How to Get Access to MLS: Here’s how to list on MLS without a REALTOR!
Alternatives to Real Estate Agents in New Mexico
If saving money is the main goal you should consider the following:
1. Sell with Flat Fee MLS Companies
With Flat Fee MLS companies, you can not only save thousands of dollars in commissions but also take advantage of their technology to sell your house fast in the US. These companies will help you list on MLS for a flat fee of a few hundred dollars.
They also offer various services like showing management, offer management, and digital transaction management. These companies are the cheapest way to get your house on the MLS and maximize your profits.
We’ve compiled a list of the best Flat Fee MLS listing services near you:
2. Sell with Discount Brokers
Discount Brokers are licensed individuals or companies that help you sell your home at a low commission or flat rate. Most discount realtors charge a single fee for the entire sale.
These Flat Fee Realtors have the tools to provide excellent exposure to home sellers. They offer social media exposure, a personalized website, and other features despite offering their services at a lower rate than traditional real estate brokers.
Here are our top recommendations:
| Discount Brokers | Fees |
| Redfin | 1.5% of the sale price |
| Ideal Agent | 2% of the sale price |
| Houwzer | $5000 Flat Fee |
| HomeLight | 2.5% of the sale price |
⚡ Discount Real Estate Brokers: Check out detailed reviews of top discount real estate brokers near you.
3. Sell “For Sale By Owner”
77% of the FSBO sellers sold their houses in 2 weeks. Advanced FSBO websites like Houzeo help you sell your home fast and make a successful sale.
The best part about selling a house by owner is the freedom to make decisions about your home sale without a Realtor. Since there is no listing agent involved, you end up saving thousands of dollars on the seller agent commission which would have been impossible otherwise.
⚡ Sell Your Home Fast As FSBO: Check out our tips for selling your home like a pro with FSBO
4. Sell to “We Buy Houses for Cash” Companies
When selling a home fast for cash, you can skip repairs to reduce your expenses. Selling your house as-is will save you money and time. Home sellers get 50% – 70% of the property’s market value for their houses, whether it’s a distressed property or not.
Lesser paperwork and inspections when selling their houses to cash companies speed up the closing process significantly.
⚡ Companies That Buy Houses for Cash: Check our rankings of the top cash companies!
5. Sell to iBuyers
iBuyers are companies that buy houses for cash. The price is decided with the help of their proprietary algorithm, recent real estate data, and in-house experts. An iBuyer offers and closes the deal within 24 hours. However, there are certain pitfalls when dealing with an iBuyer.
- The offer price is sometimes way lower than the actual market price
- Their offer price is generally non-negotiable
- Charge steep service fees – generally 5%-14% of the sale price
Hence, iBuyers are only recommended if you want a quick sale rather than to save your money.
⚡ iBuyer Reviews: See who’s No.1 in America!
List with Houzeo
Get your home listed today and Houzeo will walk you through the entire process to show your property at its best. Fast listing. No hidden fees.
- Houzeo Complaints: Read Before You List
- Is Houzeo Legit: Find Out Now
- Houzeo Reviews: Here’s Why This Real Estate Platform is a Game Changer
- Houzeo Hidden Fees: The Truth Behind the $349 Listing Fee
Final Word
Good REALTORS in New Mexico can make selling a house a cakewalk. Their guidance can help you get the best price for your property in the most hassle-free manner.
However, with the average REALTOR commission being 6% across the nation – split 50-50 between the listing and the buyer agent, your profits on the sale are substantially reduced. Additionally, seller closing costs will eat away at your profits.
Although there is no escaping the closing costs, opting for Flat Fee Realtor, empowered by Houzeo, can help you save 3% listing agent commission.
Check out some of the Houzeo reviews and how it has helped customers around the US.
Frequently Asked Questions
Who is the best realtor in New Mexico?
As per our research, Jared Andrew English is the best realtor in New Mexico.
How much commission does a REALTOR charge in New Mexico?
The average commission of a REALTOR in New Mexico is 5%-6%.
Who pays REALTOR fees in New Mexico?
Sellers pay the REALTOR fees in New Mexico.
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