What will 2010 bring to El Paso

I guess all Realtors in El Paso, TX are wondering that. I know that is a pretty loaded question.

The real estate market in El Paso,Texas is not as bad as people think.

I had an offer presented on one of my listings last night and it was about $30,000 short. Needless to say the seller was not happy with the offer so they countered back. The other agent told me that the buyer said "its a buyers market" so they should be happy with the offer. They offered low becasue they wanted the sellers to replace carpet with hardwood floors! While it is a buyers market in El Paso that does not mean that all sellers are giving away their homes.

A buyers market in El Paso usually means that there are alot to choose from but if the homes are priced correctly they usually sell very close to list price and in alot of cases sellers are helping with closing costs.

I don't know if this one will work or not but some buyers have to make a few offers before they realize that El Paso is not like the rest of the country as far as real estate is concerned.

I guess the best analogy is that real estate is sort of like the weather and is very regional. If it is zero in New York and snowing that does not mean that it will be the same in El Paso and in fact it would probably be sunny and around 60!

Hope all the real estate in El Paso, Texas will be great next year.