el paso homes posterous

Relocating to El Paso 

New home buyers can make your voice heard

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Want to know how your builder stacks up against others visit the Better Business Bureau. If you are preparing to purchase a new home from the ground up, as a Texas Realtor, I strongly recommend using the services of a certified construction inspector. Many buyer’s forego a home inspection because they are persuaded by a builder’s rep. not to bother with this expense since their home is covered bumper-to-bumper for the first year. Don’t fall for this trick. These representative are selling a product and are paid to move the builder’s inventory of homes. If you bought a new home without the help of an El Paso Buyer’s Agent you were at a huge disadvantage. The house does not cost more when you are represented by a licensed El Paso REALTOR whose job it is to protect your interest. Many first time buyers are dazzled by all the “freebees” that they are made to feel guilt-ridden about hiring their own agent. I’ve been representing buyers since 1994 and have learned that builder’s use this psychology to  create a sense of indebted or obligation by marketing free appliances, free landscaping, up to 6% in bonuses or benefits.  What they don’t tell buyers is that if the buyer uses the builder’s preferred lender the builder is already saving about 3% (in many cases the builder has a financial interest in the preferred lender).

Here is how El Paso East side Builder’s stack up according to BBB in last 3 years:

                               

Accent Homes

Zero complaints

Bic Homes LLC

1 product complaint

Desert View Homes

9 product related, 1 warranty issue

DME Homes

unknown

Mountain Vista Builders

5 complaints, 3 product related and 2 warranty issues

Saratoga Homes

6 of 7  complaints closed with BBB in last 3 years were product related

Winton & Assoc

3 product related and 1 warranty issue

Zia Homes

4 warranty issues, 3 product related

If you have an experience with one of these builders or any new construction home buyer issues please post your comments.

To report a complaint with the BBB click here

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Latest home sales in El Paso Texas

Latest home sales in El Paso Texas

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The latest market report shows the sales activity in the El Paso real estate area as well as first quarter 2012 details. This report reveals what is driving the real estate market and what to expect in the coming months. Home sales in the El Paso real estate market now exceed new listings by more than 10%. The median sales price for El Paso is still $130,000. Demand is driven by buyer's appetite  for new construction and a decline of 9.5% of supply.

El Paso Real Estate Market Latest Information and Statistics

County: El Paso

Zip Codes in the City: 79901-79938

Population: 649,121

Population (Metro): 800,647

Total Households (2006-2010): 206,428

Q1 2012 Total Home Sales in El Paso area: 1,100

Q1 2012 Median Sale Price in El Paso area: $130,000

Q1 2012 Average Sale Price in El Paso area: $147,853

  • East El Paso
    • Ysleta
  • Far East El Paso-Montana Vista
  • Mission Valley El Paso (Lower Valley and Ysleta, Texas)
  • West El Paso (Commonly known Upper Valley)
  • Northeast El Paso
  • Central El Paso
  • Popular El Paso Areas where homes are selling:

    ·  Alburn Park

    ·  Central

    ·  Coronado

    ·  East Side

    ·  Northeast

    ·  Northwest

    ·  Zach White

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    Need help locating and acquiring a property?

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    Need help locating and acquiring a property?

    RE/MAX Commercial will provide you with the services you need to meet your commercial real estate goals. RE/MAX services start from site selection assistance, analyzing market data, submitting offers, overseeing negotiations to finalized contracts.

    Whether you are looking to purchase or lease, put the skilled services of RE/MAX Commercial to work for you. RE/MAX Commercial monitors all commercial properties currently on the market in the greater El Paso TX area. Fill out a request form or give us a call (888) 845-2408 and we will provide you with a customized market survey showing all potential properties that meet your real estate requirements.

    Looking for Commercial Lease space?

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    Commercial Tenant Representation has made a name for itself during the past 15 to 20 years, since real estate agency laws required real estate brokers to disclose the party for whom they are working. Your goal in working with a tenant rep is to obtain true economic savings and secure space on terms that best serve your interests (not the landlord’s) over the life of your lease. While working exclusively on your behalf, a good commercial tenant representative will generate savings and benefits. Did you know that nearly 25% and as much as 40% of a company's budget is spent on real estate costs?  Did you know that added to the rental rate is the cost of real estate broker's fees which will be paid entirely to the listing agent (Landlord's broker) and worst of all you will not have been represented?

    I am a Commercial Tenant Rep. in the El Paso TX area. Below is my lease process:

    1. Need analysis - this includes space analysis and finding properties that are most appropriate for your needs;

    2. Market analysis- market research of target area;

    3. Site inspection- property tours are scheduled. Coordination with architect, and or contractor to assist in final property solution;

    4. Site selection- lease proposals,  cost analysis of alternatives; and

    5. Lease negotiations - terms are negotiated with assistance of legal counsel and Lease is drafted.

    A typical lease agreement, depending on its complexity, may take between 2 to 4 months to complete.

    Call for a free consultation to (888)845-2408 or Contact Us today.

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    Landlord's broker tells you to Hurry up!

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    Landlord’s brokers can be heavy handed bullies pushing tenants to get a “deal done” particularly when tenants are unrepresented. These brokers will say  that if you don’t commit to a space NOW,  it will be gone tomorrow. This kind of tactic is prevalent  in a “hot”  commercial real estate market which is commonly known as a  landlord’s market.  Tenant/Buyers take a huge risk “hurrying up” a deal. Tenant’s  jeopardies overlooking important due diligence, not consulting a real estate professional  about the  landlord’s one-sided proposed lease, or worst yet signing a lease just to get the space without counting all the cost.

    For more information tenants should contact a licensed commercial real estate tenant rep in his/her area.

    Since 1994 I have been representing Buyers/Tenants. My focused specialty is solely driven to advocate for Tenants and Buyers of Commercial Real Estate. My services include Tenant Rep, leasing and purchasing negotiations of all types-renewals, relocations, renegotiations,  terminations and Real Estate Investment acquisitions/dispositions on a local, regional, national and international basis through a network of RE/MAX Commercial offices around the world.

    National Commercial Real Estate Brokerage

    RE/MAX Commercial Services are built on the essential foundation of: a strong national/international network of experienced commercial real estate agents "boots on the ground" and our promise to always deliver superior results.

    RE/MAX’s Commercial brokerages and leasing teams are comprised of highly qualified and experienced commercial agents in office, industrial, retail, multi-family and land transactions. These highly trained professionals, each one a specialist in a particular product division, have solid experience in their respective local market areas. This broad range of market expertise enables RE/MAX Commercial to draw together qualified Buyers/Tenants and achieve exceptional results.

    Supported by some of the latest research tools and technology such as STDB, CCIM and RE/MAX Commercial, RE/MAX Commercial real estate professionals can swiftly identify investment opportunities. In addition, they are able to evaluate potential opportunities more accurately, and recommend sound acquisition and disposition strategies meeting our client's investment objectives.

    Tenant Representation

    RE/MAX Leasing Agents help tenants analyze their space requirements and real estate business objectives in order to determine the best real estate solution. Our Tenant representation experts study market conditions, negotiate leases and relocate or expand companies into new facilities. These dynamics, combined with our research and knowledge of the current local market, are what enable RE/MAX Commercial Real Estate specialists to find the greatest possible solution for our tenants.

    Services Include:

    ·         Define client requirements and objectives

    ·         Market analysis

    ·         Survey and tour of ideal properties

    ·         Lease or purchase negotiation

    ·         Collaboration with legal counsel, construction managers, and space planners

    Landlord Representation

    RE/MAX's keys to our success in leasing space are:

    ·         Local market knowledge,

    ·         Price and position recommendations; and

    ·         Marketing strategies.

    Our RE/MAX Commercial Agents are specialists in market and submarket areas.

    Landlord Services

    ·         Property pricing and positioning recommendations,

    ·         Proven marketing strategy,

    ·         Lease/purchase term negotiations,

    ·         Property improvement recommendations,

    ·         Cooperation with legal counsel, construction managers, and architects.

    Advantages of hiring an El Paso or Canutillo Realtor

    Advantages of hiring an El Paso or Canutillo Realtor

    This article was written by Matt Schexnayder. Matt is on the SpareFoot marketing team and writes for the SpareFoot blog. SpareFoot is the largest online marketplace for self-storage that offers consumers the most complete comparison shopping experience in the storage industry.

    It is that time once again, you are committed to a move and you are ready to buy a home. You have done your research and you know what you are looking for, but then the question comes up, “Should I do this all on my own or instead hire an experienced real estate agent?” While I hope that the answer would be obvious, I will go ahead and tell you that you should definitely hire a professional El Paso Realtor.

    As a buyer, you don’t risk anything by using an El Paso real estate agent because the seller pays the agent a commission. A percentage of the commission goes to the listing agent (the agent who put the house on the market on the seller’s behalf), and the remaining commission goes to the buyer’s agent (the agent that represents you, the buyer). Typical commissions range from 5 to 7 percent. So if nothing is coming out of your pocket, why not take advantage?

    Additionally, real estate transactions usually involve one of the biggest financial investments most people experience in their lifetime. The average transaction exceeds $100,000. If this were any other situation, you know you would deal with it with the assistance of a professional right? Considering the small downside and the large upside, it would be foolish of you to not seek out the help of an El Paso or Canutillo Realtor.

    If you still aren’t convinced, there are multiple other reasons why you should consider seeking out these services:

    1.      Realtors can help determine your buying power. Agents can help you determine how much you can afford when purchasing a home. If you give a Realtor some basic information about your income, savings, debt etc., he or she can refer you to lenders best qualified to help you.

    2.      Your Realtor will know how, when and where to advertise your property. Realtors are experts at marketing a home. Studies show that 82% of real estate sales are the result of agent contacts. Clearly, they know what they are doing. And this way, you don’t have to let strangers into your home; your agent can prescreen qualified prospects and decide if they are welcome to view the property.

    3.      Realtors have many resources to assist you in your search. Some properties may not be actively advertised or not advertised at all. With a little investigation from you agent and a wide range of tolls at their disposal (i.e. contacts, Multiple Listing Service), you should be able to see all available properties. Your agent is the best point of access for all homes and can arrange showings for homes of interest.

    4.      Realtors can help you negotiate. Let’s be honest, most of us are not great and haggling the price down. Agents on the other hand, are a natural. Your agent can advise you as to which price is reasonable, which period of inspection time is appropriate, and what needs to be done by the seller before you move it assuring you get the best deal possible.

    5.      Your Buyer’s Rep. Realtor can provide objective criticism about each property. As we already said, Realtors have access to a variety of informational resources. This will allow them to inform you about every aspect of your potential new home. For example, how long it has been on the market, the home’s best features, how the neighborhood/school is etc.

    6.      Realtors can give you up-to-date info on what is happening in the market. If you are selling, you don’t want to get haggled yourself, so make sure you are setting an appropriate asking price before you place your home on the market so that you get the best price, quickly and without hassle.

    7.      Realtors are tech-savvy. Nowadays, people who are on the market for a new home tend to use the Internet to search out properties. RE/MAX Realtors know exactly which sites are most often used by prospective home buyers. Furthermore, a good Realtor will know which search engine optimization techniques will boost your home listing to a high place on Google.

    8.      Finally, RE/MAX Realtors can help close the sale of your home. Between the initial sales agreement and closing, questions will more than likely arise. Your Realtor is the best person to objectively help you resolve these issues and move the transaction along.

    Whether you are buying or selling, consider attaining the services Yvonne Russell, a professional Realtor. Eighty-five percent of sellers were assisted by a real estate agent when selling their home and seventy-nine percent of buyers purchased their home through a real estate agent last year. Obviously, many consumers are taking advantage of these amazing services, and you should too.

    Commercial Real Estate Sales in El Paso TX

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    Purchasing/Leasing Commercial Real Estate: Assembling a Team of Experts

    As a small business owner, you're most likely not a commercial real estate expert. That's why it's important to surround yourself with the right team of experts. They can help you determine the right time to buy or sell, the right locations to consider, and the nuts and bolts of closing the deal. Here are some of the experts you may consider contacting:

    • Commercial Real Estate Tenant/Buyer Rep. A Tenant/Buyer real estate broker can save you money, find the best use space, must disclose information  that listing agent cannot disclose, your information remains confidential, you deal with one agent, generally there is no or little cost to you as the buyer’s agent’s fee has already been included in the listing.
    • Mortgage broker. A lender or mortgage broker will help you sort through financing options, from bank loans to those guaranteed by the U.S. Small Business Administration, such as the Certified Development Company (CDC) 504 Program, used to finance primarily real estate or equipment.
    • Accountant. An accountant can help you figure out what your business can afford and analyze the tax and operating budget benefits.
    • Lawyer. A lawyer can help you complete the transaction, negotiating with the seller and lender on your behalf.

    Decipher a commercial lease in El Paso

    The lease that you and your landlord sign defines your legal relationship. Your lease will be one of the most important legal documents you will ever have.

    What does the lease do? It contractually binds you to the terms. More specifically:

    The lease is a contract in which:

    ·         You agree to pay rent for a certain period of time.

    ·         You agree to abide by other conditions

    ·         Your landlord agrees to let your business occupy the space for a set amount of time.

    ·         Your landlord may agree to physically alter the space to fit your business

    Usually the Commercial Tenant will start the search for a space. Typically, a business owner starts the process by spotting a space available in a desirable area. Instead of seeking the advice of a Tenant Rep. the business owner contacts the leasing broker listed on the property. Unfortunately, many business owners do not realize that the listing agent has a fiduciary responsibility to represent the Landlord.

    The landlord process. Typically, you'll be working with a lease form that's been written by the landlord’s agent or the landlord's lawyer. You  can be sure that neither one of them will be looking out for your best legal  interests. In order to avoid being raked over the coals, you need to retain your own Tenant Rep. to learn about the terms of the lease.

    There are no standard leases. Contrary to what a landlord may have you believe, there is no such thing as a state promulgated "standard" commercial lease. Any commercial lease can be modified. An experienced Tenant Rep. will help negotiate the best terms for you and not the landlord. He/she is trained to find comparable properties and provide you with an analysis of rent cost in your area. Your Tenant Rep.’s knowledge of lease clauses and the market will determine the success of the lease negotiation.  The landlord is only  limited to make concession subject to his current lender and insurance obligations.

    Your lawyer will help decipher the meaning of lease clauses. Leases are full of legalese. Lawyers often dress up lease clauses in dense legal verbiage or burden them with mile-long sentences. Your Tenant rep. will recommend real estate attorneys in your area experienced in lease negotiations.

    Dual Representation Brokerage

    DUAL REPRESENTATION BROKERAGE IS THE REAL ESTATE BROKERAGE INDUSTRY’S  “800 pound gorilla”

    Dual agency occurs when one commercial real estate company represents both  the tenant and the landlord in a lease transaction. Sometimes it is one  individual on both sides. Other times it is two individuals within the same  firm.

    When you, the tenant,  use a dual agency, there’s an 800 lb. gorilla in the room that you should  not ignore. Questioning where the agency’s or individual’s loyalties  truly lie is an obvious issue. Is it with you the business owner or with the landlord?

    Conflict of Interests

    Every year tens of thousands of businesses are misled by brokers whose true loyalty is to the landlord. This costly mistake translates to higher rent, more overhead and less profits.  Many tenants negotiating a lease for office space, retail space or industrial space and ignore the 800 lb. gorilla. They don’t talk about how a major component of their future is affected by people whose loyalties lie across the negotiating table—the dual rep broker and his true client, the landlord.  The commercial real estate market has traditionally tried to hide this dirty little secret.  But a growing group of tenants is realizing that in the world of big commercial brokerage firms, the landlord always wins.

    The landlord’s goals and objectives clearly conflict with the tenant’s. Landlords are in the business of leasing and operating office buildings.  They know every trick in the book and are very experienced. And their conduits are the landlord’s brokers and agents. A broker who has a listing on a building also has a fiduciary responsibility and contractual obligation to the landlord - not to you.   How can that broker fairly and adequately also represent the tenant?  The answer is that the broker can’t, no matter how much marketing spin they might use to justify it.  An unsuspecting tenant doesn’t stand a chance when standing alone against a dual-agency broker and his landlord.