1. El Paso, TX real estate market is moving along pretty well right now.
2. El Paso still has very reasonable prices on our homes (compared to other areas of the country)and there are alot to choose from.
3. El Paso, Tx is getting ready to have almost 100,000 soldiers and their families move here by 2013 and we already know that we do not have enough homes to house them in. Most will be renters, either in apartments or houses and there are definitely not enough of those. Investors should be buying homes right now while the market is still a buyers market because very soon prices will be going back up again.
4. Sellers are helping with closing costs in alot of sales so your out of pocket money will be less.
5. Ideal Weather in El Paso-less weather related upkeep to your property
6. Good real estate values- our El Paso, TX real estate values are not going down like the rest of the country. Our market is very regional so do not buy into the national news. Our prices are continuing to rise even though we are in a buyers market and with all that is happening in El Paso right now we feel that values will start really rising again very soon.
7. Have someone else build equity for you-having a good paying tenant will just help you create equity. Yes there may be some vacant months if we can't get it rented right away-but if you buy a nice home and in good condition then those are the ones that the tenants want also.
8. El Paso has a new 4 year medical school and research center that is starting their first class in August 2009 and that will bring in students, doctors, nurses, researchers, etc all of who will need someplace to live.
9. Our regional economic development corporation is working with over 100 companies looking to relocate their businesses to El Paso.
10. We can provide property management and have done that for our clients for close to 20 years and will provide references.
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.
Monday, October 20, 2008
Friday, October 10, 2008
What is happening in El Paso
Well, what can I say about the El Paso, Texas real estate market?
I guess if we believed the national news we would all commit suicide! Well in El Paso, the market is not quite as bad as other areas of the country.
Yes it is harder to get qualified, but lenders are lending and buyers are buying homes. It may take a little longer to sell your home if you are a seller and you will probably be helping the buyers with closing costs in the market right now.
If you are a buyer you are in shoppers paradise!! You will have tons of homes to choose from so you can be very picky to say the least. As I mentioned above you should expect for the seller to help you in some sort of way too.
The best advice for a buyer is to get pre approved and keeping chekcing with your lender (one to make sure they are still in business and secondly to make sure your qualification has not changed).
It is a great time to buy in El Paso, TX!!!
I guess if we believed the national news we would all commit suicide! Well in El Paso, the market is not quite as bad as other areas of the country.
Yes it is harder to get qualified, but lenders are lending and buyers are buying homes. It may take a little longer to sell your home if you are a seller and you will probably be helping the buyers with closing costs in the market right now.
If you are a buyer you are in shoppers paradise!! You will have tons of homes to choose from so you can be very picky to say the least. As I mentioned above you should expect for the seller to help you in some sort of way too.
The best advice for a buyer is to get pre approved and keeping chekcing with your lender (one to make sure they are still in business and secondly to make sure your qualification has not changed).
It is a great time to buy in El Paso, TX!!!
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