Let me tell you a story

The El Paso real estate market is not moving very fast right now and I am pretty sure that is what is happening all over the country.

The rental market is very hot as we have close to 100,000 new soldiers and their families moving to Ft Bliss in the next few years. If you have a nice rental property you should be able to rent it quickly if it is in good shape.

The lenders have made it pretty difficult to get a loan for a buyer, and while I do understand that since they went so far the other direction and we are were we are at becasue of it, but I hope they will soften up a bit soon so that buyers feel safe buying again.

I have heard everything from sellers wondering why thier home won't sell-to it is priced too low to the real estate companies are trying to low ball homes to get them to move. I heard the last from my Mom in Albuq saying that she had a letter from a home owner in her neighborhood blaming one company in particular that was lowering the price of all the homes in the area in hopes of getting them sold. I assured her that I could not believe that they would do that. It is so unethical in the first place and no one sale is worth losing your license for.

There are still buyers out there- I sold to a young soldier the other day that was a referral from a past client of mine that was very happy with his home and real estate transaction in El Paso that he referred him to me. I found him a home in El Paso in just a few short hours and we are on the way to closing now.