Just wanted to let you all know that the El Paso real estate market is starting to get a little busier.
This past Saturday I had 4 back to back listing appointments and one showing. On Sunday I showed some homes and wrote an offer.
I think that I will get 3 of the 4 listings and they are all in nice areas and if the seller will let me price them correctly, they should sell if we can get the buyers in there to see them.
With close to 4,000 homes on the market we need to let our sellers know that buyers are now very picky and can get almost anything they want. It is also a time to make sure that all buyers are pre approved for their loan before they start looking for homes.
Our market is starting to see some pretty funky (low low ) offers but the sellers are not giving in and giving the homes away. Most buyers are trying to see how low they can get a home and for some buyers it takes 3 or 4 contracts to fail for them to find out that we are not in a bargain basement real estate market.
Sure prices are coming down some and some sellers are giving help with closing costs but not to a great extent. Each market is regional and we are not like the rest of the country and taking big hits and we don't have alot of foreclosures (thank goodness).
Now is the time to buy in El Paso before our prices start going back up again and the reasons are below in some of my other blogs.
Active Rain Real Estate Network
You can find great local El Paso, Texas real estate information on Localism.com Patti Olivas is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
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