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Showing posts with label custom home builders in el paso tx. Show all posts
Showing posts with label custom home builders in el paso tx. Show all posts
Have you seen the road-side signs that state “WE BUY HOMES” ? These individuals may be investors looking to buy your home for 40-50% below market or real estate agents looking for leads. Either way you will be giving up more than you think.
You are a target if any one of the following apply to your situation:
If you answered “yes” to one of these questions you may be ripe for predatory real estate practices by brokers, investors and or real estate agents. They will offer fast cash, no real estate fee and no closing cost. But what you need to know is what will you be giving up. It is usually all of your equity. Before selling your home consult with a reputable real estate agency.
In all fairness, although these investors are taking advantage of a distressed seller, some legitimate investors are providing a service to the community by turning houses in disrepair into $100K-200K houses.
Get a Buyer's Agent A Buyer's Agent works for the buyer to negotiate the LOWEST price while the agent listing a home works to get the HIGHEST price for the seller. If you are relocating to El Paso – Fort Bliss, Texas area you probably do not have the luxury to ask family or friends for a referral.
Get a Lender:
Ask your Buyer's Agent for a list of lenders. Of course, this is where you need to make sure your Buyer's Agent has years of experience in your local market. A word of caution, if you decide to find your own mortgage broker first check with FHA Mortgage Review Board for a list of lenders Violating Regulatory Standards.
Make the offer:
Ask your Buyer's Agent to run comparable. Do not go to Zillow.com and expect to find the correct value for the home you are bidding on. To get a federally guaranteed loan, a law called FIRREA (Federal Institutions Reform, Recovery and Enforcement Act) requires an appraisal from a professional appraiser. Zestimates are statistical algorithms of the fair market value of a given area and are grossly inaccurate. If you know anything about statistics you know there can be a huge margin for error depending on the amount of data used in the sample.
Thank you for your interest in homes on my RE/MAX homefinder website. Call today and let my experience find you some of the best areas to buy a home in.
The following are this Buyer’s Agent recommendations when buying a new home in El Paso:
1)Pick an area: There are 3 great subdivisions I recommend with new construction. They are Sandstone and Redstone in upper Northeast and Tierra del este #53 on the east side.
2)Establish a budget: of course you will work with your local VA lender to establish a price point.
3)Choose a builder with a good reputation: Most of the track home builders in El Paso offer big homes but hugely cut on quality. A good rule is to stay away from the builders that advertise aggressively and offer unbelievable deals. I have placed links on my website to the builders I recommend which is based, in part, on client feedback. Visit their websites for the floor plans and amenities then let me know which ones you’d like to tour.
If your income has increased, you are probably thinking about moving up in your life style. Your dream home is now within reach. The best financial strategy is to sell your existing home first before making an offer on your new home even if you are considering new construction. It is taking resale homes about 6 months to sell in the current market which makes this a “buyer’s market”. You will strengthen your financial position by having an accepted offer on your old house before buying the new one. Additionally, builders/sellers will look more favorably at your offer if you do not make the purchase of your dream home contingent upon the sale of your old home. Case in point, I had a family put their home up for sale by owner before they contacted me to help find them a new custom home on the west side. I suggested that they first sell their existing home before making an offer on a new home. They decided to ignore my advice and made an offer with the help of the builder’s representative (who ONLY represents the builder) on a custom home which included a hefty builder’s deposit up front of $5000. They moved into the new home five months later but are now carrying two notes as their old home has not sold after nearly a year. They are now considering renting the old home for a fraction of their outstanding mortgage.
Call me today if you are in a similar situation.
• Volunteer associations include Child Crisis Center of El Paso, Outreach and community service in Horizon City, long standing member of El Paso Paralegal Association,
Education
• BA- Economics at the University of Texas at El Paso*
• Customer Service and positive client relations are my strong points while working diligently to reach the optimum goal of closing the transaction.
Affiliations
• A RE/MAX REALTOR®
• A El Paso REALTOR® is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.
• The Code establishes time-honored and baseline principles that come from the collective experiences of El Paso REALTORS® since the Code of Ethics was first established in 1913. Those principles can be loosely defined as:
• Loyalty to clients;
• Fiduciary (legal) duty to clients;
• Cooperation with competitors;
• Truthfulness in statements and advertising; and non-interference in exclusive relationships that other El Paso REALTORS® have with their clients.
Designations
• To earn a designation, a El Paso REALTOR® a real estate agent has taken coursework and demonstrated specific skills, performance and knowledge in a particular area of the real estate
Thank you for your interest in homes on my RE/MAX homefinder website. Call today and let my experience find you some of the best areas to buy a home in.
Well there are pros and cons for both. If you were anticipating a 30 day closing, that is not enough time for any builder to build a home. The good builders take 5-6 months. All El Paso builders pre-sell their lots so unless a contract on one of their homes falls through, you would not have a home ready in 30 days. I get weekly reports from the top builders that lets me know when a contract has fallen through and an opportunity opens up.
There are over 400 builders in El Paso tx and not many I would recommend. The builders I would recommend are the ones that I get good feedback on from buyers, their home inspections turn up little and if something does come up these builders are willing to comply with repairs. Good or bad El Paso builders generally sell their homes for $100 and up per sq ft. That means if you want a 2000 sf home you will be spending $200K and up. The only El Paso Builders on this list that I would recommend are Edwards who is a custom builder or track builders, Desert View, Quality Craft, Santana and Rassett. All the others have had lots of issues and in my opinion don’t resale very well. Below are the new homes on the market which sell 2000 sf between $145-199K:
With El Paso new homes, you get to pick who the builder will be and with resale you don’t. With new homes I have been able to negotiate upgrades without adding to the price which you can’t do with resale. New homes are built with the most recent innovations while resales are usually dated and need updating. Most first time buyers end up buying a new home. And it's no wonder, they are offered incentives like points towards closing, new appliances, easy lending and much more.
According to National Association of Realtors we will be facing a housing shortage in the coming years. With a decrease in the supply of homes, prices are sure to rise.
When you decide to build a new home, the type of house you want influences what type of building company you select. Home building firms can have from one to hundreds of employees. Some buyers prefer the security a large corporate establishment represents. Others prefer the personal attention and family feeling of smaller companies. Careful consideration in choosing a builder can assure that the amount of time, emotion and money you will invest in a new home will result in a comfortable home that you can enjoy for years.
There are basically three types of builders: production builders, semi-custom builders and custom builders. Choosing a builder in each category has its advantages and disadvantages. Production builders are organized for higher volume construction. They have standardized model homes to tour and study the quality of the builder’s work. Having a standardized list of choices for floor coverings, tiles, countertops, light fixtures, cabinets and exterior finishes means it’s faster and easier to make selections. The cost of your selections is known quickly and can make it easier to finalize your decision. Through repetition, the production builder has worked any bugs out of floor plans and the time to build is usually shorter. Higher volume work, such as a subdivision, and the advantage in scheduling trade contractors can result in significant cost savings.
A disadvantage to choosing a production builder is that any change to the floor plan that alters the structural elements, such as foundation walls, requires reengineering and resubmission of plans to the building department. These expensive and time-consuming steps disrupt the momentum of high-volume construction.
Semi-custom builders work with existing plans, but are flexible regarding changes. Some home buyers feel more comfortable starting with a plan, rather than developing their own. The disadvantage to making changes to an existing floor plan is that the fine-tuning takes time and money. When floor plans are changed, the economies of large-volume work are lost, resulting in higher prices.
Custom builders specialize in starting with a blank sheet of paper and creating a unique home. They have experience with a wide variety of finishes, unusual treatments and design details. Because each house is one-of-a-kind, home buyers can expect significant initial investment in time and dollars for design development and the creation of working blueprints and specifications.
After you get a general idea of the available builders comes the important task of narrowing your list of potential builders down to one. Look closely at each builder’s finished work and their work in progress. Notice the quality of site management. Are the homes and materials reasonably protected from weather, traffic damage and theft? When you meet the builder, ask about things that are important to you and get a sense of the company's personality. You will be spending considerable time with the builder and his employees; you will want to find a company with whom you are compatible. Many builders today provide a homeowner manual that guides buyers through the process and serves as a reference after move-in. Contact your real estate agent if you have questions. Your agent will advise you about routine points when you are invited to tour your home, the builder’s policy on change orders, prepare the contract documents and warranty. Pay close attention to sample specifications and written warranty standards.
If you are looking for a knowledgeable realtor who is computer savvy, look no further. With my 20+ years of online and SEO marketing experience, your home will have the best local internet exposure. In this changing real estate market and with over 80% of buyers/sellers using the internet to begin their search you need a realtor that understands how to market your home.
Disclaimer: Please be advised that I am not a professional financial adviser and what I share on this site is based on my own personal experiences and research, and is only my personal subjective opinion. Thus, I am not liable for the information you decide to use or take from this site. Read, learn, and form your own conclusions.
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