Why rent when you can own?

El Paso’s Tri State mortgage company is offering a FREE Credit report and pre-qualification PLUS No Loan Origination Fee for Veterans and Law Enforcement Professionals.

Call Today for more details 1(888) 845-2408.

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Get a Free Credit Report before you buy a house

Under federal law, Fair and Accurate Credit Transaction Act, you are entitled to a free copy of your credit report annually. You have a right to know what is on your report and the right to dispute inaccuracies.
Preparing to  Buying a Home
At least six months before you start your home search, you should take advantage of this valuable free report.  In today’s real estate market banks and mortgage brokers are much more diligent about processing loans than in the recent past.  Therefore, it is very important to do this before buying a home to avoid delays or even a denial of your loan application. 
You may also want to consult with your bank’s mortgage department where you have already established a banking relationship. Additional resources may be found in your local community. In El Paso Texas we have the El Paso Collaborative that manages the NSP (Neighborhood Stabilization Program) where homebuyers must attend a mandatory orientation class as well as homebuyer counseling classes.

Yvonne A. Russell,  REALTOR® 
RE/MAX Associates
10940 Ben Crenshaw, Suite C
El Paso, Texas  79935
CELL (915) 873-8646 | 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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Buying a House in El Paso City Texas - Where do you start?

Step 1 – Before you start your home search
You should make a list of must-haves like a large backyard or eat-in-kitchen. Get an idea of what school districts and neighborhoods you'd like to live in. If you are not familiar with the area, call an expert real estate Buyer’s Agent. Lastly, create a budget. The most common rule of thumb is to limit your purchase to not more than 33% of your monthly income.

Step 2 – Talk to a Buyer’s real estate agent 
As a Buyer’s agent I have a duty to represent you and only you in the transaction.  I'd be happy to schedule a time to meet with you and communicate with you about why you want to buy a home and get an idea of your plans for the future. We'll discuss neighborhoods, schools in the El Paso area, the mortgage industry, and any additional economic factors that may affect your purchase.
I can also help you begin the loan process. There are some excellent mortgage professionals in El Paso. They can help you determine which type of loan is best for you, as well as help you get pre-qualified.

Step 3 – Begin house hunting
After your initial meeting with a real estate agent, He/she will begin finding available homes on the market that are good for you. The real estate agent will research the houses that meet your criteria and eliminate the bad ones, and then she’ll book appointments to view the houses at a time that's convenient for you. When touring homes with your agent, make a note of the things you liked or didn’t like.

Step 4 – Understanding the market
An agent's awareness of the El Paso market is a fundamental factor in your home search. When you tour houses, your El Paso Texas REALTOR^® should tell you when the asking price has room for bargaining and also when he think the house is "priced to sell." When working with an agent, trust your instincts and be sure to ask a lot of questions, as every REALTOR^® in El Paso will claim to truly understand the market. If things don't add up, contact me at 915-873-8646 or e-mail me, and I'll be happy to answer your questions. My market expertise will help you stay a step ahead through the entire process.

Step 5 – Find the home you've been looking for
With the help of your Buyer’s Agent you will find the home of your dreams in the El Paso area. As your REALTOR^®, I'll develop a purchase offer that is best for you – not the seller. The offer will be tailored exactly to your needs, including contingencies and concessions.

Upon submitting your purchase offer, you'll want to submit "earnest money." This is a cash deposit submitted to the seller to secure the offer to buy the property, and it's credited back at closing. If the seller accepts your offer, you should be able to close on the home about 30 to 60 days after. This allows plenty of time for your mortgage financing.

Step 6 – Negotiate the deal

It's extremely common to receive a counter offer from the Seller. When I receive it I will discuss whether or not to accept the counter offer, submit our own counter offer, or reject the seller's offer and go on.  Market conditions will play a big part in how aggressively we negotiate the contract. In addition, we'll work within your financing limits. And when it's all said and done, we'll compose a transaction that's best for you. When you contact the agent on the real estate sign, you will be dealing with the Seller’s Agent who will attempt to act as a Dual Agent.

Step 7 – Getting a mortgage loan
Upon signing the contract, you'll be working with your lender to complete the loan. If you're pre-qualified, this won't take much time at all, but you'll want to stay in close contact with your mortgage lender.  Your lender will supply you with a Good Faith Estimate (GFE) of your closing costs within three days of receiving your application and outlines closing costs from your mortgage lender. The Federal law called RESPA requires that the GFE include all closing costs and fall within a tight range of accuracy. And I'll be working with your mortgage lender to provide all the information they need to complete the loan.

Step 8 – Closing on your first home 
If your lender has finished approving your loan he will send “closing documents” to the escrow office. The closing  will probably take place at a title company or escrow office and your real estate agent and even your mortgage broker may be in attendance with you. As a Buyer’s Agent, I attend all closings with my clients.

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Fort Bliss New Homes for Sale

If you are looking for off-base housing in close proximity to Fort Bliss- look no further. With El Paso’s booming population growth comes a large inventory of new homes. But maybe you are not sure where to start your search. Then contact an RE/MAX Exclusive Buyer’s Agent. A Buyer’s Agent is experienced with the El Paso- Fort Bliss Real Estate Market and is best equipped to assist homebuyers. Do not make the mistake of driving around until you find and open model without consulting with a Home Buyer’s Agent first. The agent at the open house DOES NOT represent you and will not be advising you on your best options. They are hired to move the existing homes off the market on terms that are best for the Seller (Builder

Are you in the military and find yourself reluctant to  buy your next home in El Paso?  El
Paso Texas* has one of the fastest and strongest growing economies in Texas including its  real estate market.
Thanks to B.R.A.C. the El Paso real estate market has been  expanding rapidly in the past 18 months due to the anticipated buildup of military personnel and their families. Unfortunately, on-post housing has not been able to meet this growing demand for housing causing soldiers and their families into the rental market which is saturated with prices rising quickly. The good news is that many area builders are stepping in to meet some of this demand with new home construction adding about 2000 new single family homes yearly. BEWARE, with this ever expanding housing market comes some not so reputable, fly-by-night, builders. Home buyers should always consult with an Exclusive Buyer’s Agent before making a new home purchase. Their experience and knowledge of not only the market but the reputation of various builders will help keep you from making a financially disastrous mistake and guide you the a very complicate process.

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Why buying a home now is a great idea

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.

El Paso Tx First Time Home Buyer Bond Money Available 1/14/11

Part of my job as a Texas Remax Buyer's Agent is to inform you of the latest real estate news. The El Paso Housing Finance Corp has announced an infusion of $15 million in bond money into the El Paso market. There are certain qualification such as income and the area of town the home is located in but if you have been thinking of buying and just needed a little help this may be the answer for you.


Call me for more information at (915) 873-8646.
RE/MAX Associates
Yvonne Russell
Phone Number
Direct: (915) 873-8646
Mobile: (915) 873-8646
Business Fax: (915) 594-9253
Toll-Free: (800) 880-3060
Email Address
yrussell@russell-realtor.com
Web Site russell-realtor.com
Mobile Search m.russell-realtor.com

Address
RE/MAX Associates
10940 Ben Crenshaw Dr Ste C
El Paso TX 79935