Army housing boom in El Paso TX, Fort Bliss, and Biggs

Army housing boom in El Paso TX, Fort Bliss, and Biggs

The expansion of the Fort Bliss Army base under BRAC (Base Closure and Realignment program) in El Paso,Texas has sparked a local building boom and kept the town from feeling the impact of the recession. While the rest of the country has seen home prices fall an average of 20 percent since the hight of the housing boom in 2005-2006, prices in the El Paso and Fort Bliss Texas area have held steady.

The government's 2005 BRAC program, while it hurt some communities, went a long way to breath new life into others. The transfer of thousands of military personnel to Fort Bliss from Germany and Iraq is expected to spark millions of dollars in new construction spending, according to an Army study released last spring. With this run-up in construction, El Paso is also experiencing a huge expansion to it’s infrastructure. The city anticipated this growth and commission a 2 year economic impact study through the local university which predicted a population growth of 16%  by year end 2012. To learn more contact Yvonne Russell, (915) 873-8646

When these soldiers return to the US, those returning military personnel can take advantage of the homebuyer tax credit, which, while it has expired for the most Americans, is still available to active-duty military personnel returning from overseas. (Also see "VA Loans: Homebuying Help for Veterans")

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·         How to Shop for Your First Home 

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What happens after the offer

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Working with an Exclusive Buyer's Agent

This site have been provided for buyer's only by Yvonne Russell, Exclusive buyer’s agent. An Exclusive Buyer's Agent is trained to represent the interest of the buyer in the home purchase transaction which gives buyers the peace of mind that there won't be a conflict of interest. As your buyer's agent I can show you any property for sale and negotiate the lowest price for the house. As an Exclusive Buyer's agent I am paid at closing out of the proceeds of the transaction (like everyone else).  Please feel free to save your favorites, send me emails of homes you are interested in, or ask me any question that is on your mind. Lastly, since the loan process is the longest part of the home purchase process I recommend contacting a mortgage lender now if you want to move into a home in 30-45 days. Here are a few lenders my clients have used successfully at El Paso Preferred Lenders. Call me if you have any questions or comments. Yvonne A. Russell,  REALTOR® |CELL (915) 873-8646 | (888) 845-2408 | FAX (915) 594-9253 Russell-Realtor El Paso Preferred Lenders MLS Access JD Power Survey-”Top Rate Real Estate Agent”

Yvonne Russell, RE/MAX of Texas, RE/MAX Associates, 10940 Ben Crenshaw Dr Ste C, El Paso 79935

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Should you rent or buy?

Because local lenders are offering such low interest rates, your monthly mortgage payment with a local El Paso Mortgage company could be lower than your rent. Here is a schedule of suggested mortgage amounts and estimated monthly payments:
                                                                               

Loan Amount	FHA	VA	USDA
$140,000	$1,150	$1,050	$1,090
$160,000	$1,300	$1,200	$1,245
$180,000	$1,480	$1,350	$1,400
$200,000	$1,650	$1,500	$1,550
$220,000	$1,800	$1,650	$1,710
$240,000	$1,975	$1,800	$1,868

4% Rate 4.339% APR.. Includes taxes and ins. o.a.c.

Yvonne A. Russell,  REALTOR® 
RE/MAX Buyer’s Agent
10940 Ben Crenshaw, Suite C
El Paso, Texas  79935
CELL (915) 873-8646 | (888) 845-2408 | FAX (915) 594-9253
Russell-Realtor
MLS Access
JD Power Survey-”Top Rate Real Estate Agent”

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Moving up to your dream home

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.

Yvonne A. Russell,  REALTOR® 
RE/MAX Associates
10940 Ben Crenshaw, Suite C
El Paso, Texas  79935
CELL (915) 873-8646 | (888) 845-2408 |FAX (915) 594-9253
Russell-Realtor
El Paso Preferred Lenders
MLS El Paso
JD Power Survey-”Top Rate Real Estate Agent”

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TOP RANKED EL PASO SHCOOLS

El Paso Texas boosts many top ranked public schools. If you are new to El Paso, Texas or you are pcsing to Fort Bliss Tx you may find these resources helpful before you buy a home.

El Paso School Rankings
NORTHEAST’S TOP RANKED ELEMENTARY SCHOOL
EAST EL PASO TOP RANKED SCHOOLS
El Paso Texas Schools
Russell-Realtor
El Paso Preferred Lenders
MLS El Paso
JD Power Survey-”Top Rate Real Estate Agent”

Thank you for your interest in homes on my RE/MAX homefinder website. Call today and let my experience work for you.

Yvonne A. Russell,  REALTOR® 
Exclusive Buyer’s Agent
RE/MAX Associates
El Paso, Texas  79935
CELL (915) 873-8646 | FAX (915) 594-9253

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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

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Online guide to buying your first home

Are you wondering if owning a home or renting one is a good decision. Here are a few things you might want to consider before making a decision. First, how do you feel about living in the same location for a long time.  When you own a home you are committing to one location for a up to 30 years.  This could eliminate some of the stresses involved with needing to move as a renter every 6-12 months not to mention increasing rental prices.

But if you rent, it’s usually easier to move on a short notice particularly if you are in the military as most lease agreements have a “military clause” if you have to relocate. Moving around will definitely give you exposure to new neighborhoods, cities and cultures. You will also have the flexibility to move without having to sell or lease out you home. How important is it to you to be able to customize your home? Owning your own home gives you the luxury of making improvements to your home to suit your tastes and preferences. However, it doesn’t require big changes to make any place a home including rentals.  Are you prepared to spend the time and money on unexpected repairs? As a homeowner you are responsible for your home’s maintenance and repair expenses. You will need to set aside money to budget  these cost. If you rent your landlord should pay for such repairs.  Are you looking into buying a home as a financial investment. When you own a home you will be able to build equity over the long term. In an normal economy buying a home is  usually an appreciating asset. If you rent, you could put  money in a different asset such as a savings account but according to an article in Money Rates, Americans have one of the worst  savings rates in the western hemisphere which is about 2.83%. Lastly, homeowners are eligible for tax benefits like deductions on mortgage interest paid and property taxes. As a renter, you forego such tax benefits in lieu of making mortgage payments for 30 years. To learn more call a real estate professional in your area.  To find a new home in El Paso or Horizon City Texas visit a RE/MAX.

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El Paso Tx Information

Read  about El Paso, Texas  or watch now Video about El Paso

Yvonne A. Russell, 

Buyer's Agent and Texas REALTOR® 

RE/MAX Associates

10940 Ben Crenshaw, Suite C

El Paso, Texas  79935

CELL (915) 873-8646

FAX (915) 594-9253

P Think “Green” before you print

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El Paso Home Values - what's-my-home-worth-in-a-buyer's-market

El Paso Home Values

El Paso Home Values

The El Paso TEXAS homeowner needs to understand that arriving at home values is a bit more complicated than just obtaining a Zillow estimate or looking at the Central Appraisal's valuation.

How would you know what anyone is willing to pay for your El Paso TX home? The answer is that to arrive at your home's value you must use a licensed residential appraiser. An appraiser's duty is to develop an opinion of the value of real property, usually "market value". Of course, there is a considerable investment involved when you hire an appraiser. Alternatively, you should obtain the services of an experienced REALTOR® to set your home's selling price.

El Paso TEXAS Home values can rise and sometimes fall just like any other investment, but do you truly know the importance of El Paso TX home values? Learn your home's value by using a complete CMA prepared by an experienced REALTOR®. Complete a simple form with your address and brief description to begin the process. Finding the accurate home value is an important step when considering selling particularly now in the robust Buyer's Market and prolonged recession.

One of the most important factors in El Paso TEXAS home values is measuring the saleability of a house. As we all know, El Paso TEXAS home owners have their own opinion of their home's value, but this is just the start to a bigger prospective of El Paso TX home values. Just like the home owners, neighborhoods hold their value based upon the homes that are located within them. To go a step further, a subdivision or even a city's value is generally determined by the neighborhoods and homes that are contained within their boundaries. As we know all too well by now is that home values have a large impact on a house, a block, a city, a state and even a country's economy. Home values in El Paso are also a key indicator of how well the El Paso TEXAS economy is doing.

Find El Paso TEXAS home values by asking for a CMA. The CMA report attempts to find out what willing and able buyers are willing to pay for a comparable home. A CMA creates an average sales price to determine El Paso TX home values. Contact me today for a fast home value report in El Paso TX.

Home values in El Paso TEXAS are of great importance to the industry of real estate and appraisers but they are also of great significance to homeowners across the nation. Learn your El Paso TX home's values by using my CMA. It is quick and fast. Just enter your El Paso TEXAS address here to get a home value report.

 

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El Paso Homes | Tips for New Home Buyers

What Home Sellers Should Know

Custom Homes in El Paso

For Current development and subdivision information contact Yvonne Russell (915) 873-8646, RE/MAX Buyer's Agent. The following homes will be completed in the next 2 months.

Always use a REALTOR®

The main thing that distinguishes a REALTOR® from someone who's merely licensed by the state to sell real estate is the REALTOR® Code of Ethics, which requires REALTORS® to put their clients' interests first at all times.

The REALTOR® Code of Ethics was first adopted in 1913 as a voluntary document outlining the professional duties of membership. The code became mandatory in 1924, four years after the Texas Association of REALTORS® was formed. This was an era before licensing was required in many states. Today, the Texas Real Estate Commission is the licensing authority for agents and brokers in Texas.

Holding a real estate agent's or real estate broker's license does not make someone a REALTOR®. Membership in the National Association of REALTORS® entitles licensees to use the term REALTOR® on their business cards and in their marketing materials.

Hiring a REALTOR® means you've retained someone who is committed to continuing education, professionalism, and integrity. The vast majority of REALTORS® participate in a local multiple listing service (MLS), which gives you a distinct advantage whether you're selling your home or looking for that special