Wills and Executors in El Paso, Texas

When a loved one passes away or the homeowner needs to move into assisted care living they will turn to a real estate broker for help.  If the estate involves real property they generally turn to an El Paso Realtor. If the estate involves personal property (non-realty items) the family can turn to a residential auction service to establish value and to handle the sale.  A licensed and bonded residential auctioneer will assess the value of your loved ones personal belongings and conduct an auction.

If the estate includes antiques and art work the family may consider hiring a Certified appraiser of personal property.        ….read more

Posted via email from el paso homes posterous

A Market Analysis
Setting the right price is an important first step in the process of selling a home. Is it necessary to spend $200 to $400 for a professional appraisal of your property before placing your home on the market?

A professional appraiser's opinion of a property's market value is based on the recent sales of similar homes in the neighborhood, and on the square footage and condition of the property. Different appraisers might come up with different figures. Even if all of them agreed on a value, there is no guarantee that you would receive that amount for your property.

An alternative to a professional appraisal is to ask a professional real estate agent for a written market analysis of your property. This analysis will include information about recent home sales in your neighborhood, as well as how those homes compare to yours. Real estate agents may provide this service with no charge or obligation. If you are still unsure of the value of your home, you may wish to pay for an appraisal.

November Real Estate Outlook

What are home sales doing now? The impact of the Tax credit is supporting home sales for another quarter. Home sales jumped up by 11% over last quarter. Some of this is also driven by sustained low mortgage rates. What does this mean for 2010? Have we seen the bottom? I don’t think we have. In my local market consumer expectations of lower prices next year are driving demand for homes down at this time. If you have a home that you have been trying to sell and it’s price right (holding everything else constant) but hasn’t sold after 6 months this may be why. Until consumer expectations about lower prices changes (which probably won’t happen until another 12-18 months) I’d rent it out. If you must sell then visit me atEl Paso Homes for Sale. We specialize in handling distress properties.



The opinions expressed here are my personal expert opinions as a realtor and are to be used for general information purposes only.

Avoid Foreclousre Now in El Paso

9 Ways to Avoid Foreclosure

Reinstatement:
This means that you will bring the loan current.
Forbearance:
This mean you are requesting a temporary repayment plan
Refinance:
This is a new loan with reduction in monthly payments
Loan Modification:
You are requesting a modification of the original loan terms.
Sell The Property:
You are using your equity in the home to payoff or pay difference
Rent the Property
However, you must make the loan current
Short Sale:
You contact a licensed realtor to negotiate with the lender to accept sale under loan amount.
Deed in Lieu of Foreclosure:
This is known as a friendly foreclosure
Bankruptcy
This will stall foreclosure process but NOT PREVENT IT.

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