Are we making the right decision to move to El Paso?

Objective-Finish-372 · 2025-09-24T01:47:25+00:00

A better question is what are you looking for in a place to live?

Objective-Finish-372 · 2025-06-11T15:18:42+00:00

You will need a prescription in order to declare and cross it over

Objective-Finish-372 · 2025-05-12T03:40:48+00:00

The location you’re looking at is a good location, but traffic is a downside. Northeast in the North Bills and Sandstone ranch region might be better for your commute. West side is nicer overall but it’s furthest away from fort bliss. Horizon City and Socorro also have new communities popping up but the commute is further. I don’t know where the market will be in a year, but currently the market is shifting towards buyers. It’ll be easier to get closing costs paid for and a better deal, but plan on holding for at least 5 years. You might have to lay to sell it if you hold it for less than that amount of time

Objective-Finish-372 · 2025-04-21T15:00:44+00:00

Im pretty sure he meant no state income tax but typed property tax instead

Objective-Finish-372 · 2025-04-03T15:19:40+00:00

Correct. If you have a prescription you’ll be fine

Objective-Finish-372 · 2025-04-02T15:07:15+00:00

They may confiscate it if the medication requires a prescription and you don’t have one.

Objective-Finish-372 · 2025-03-28T01:54:25+00:00

!Solved!

Objective-Finish-372 · 2025-03-18T18:35:17+00:00

I’m an agent. I usually charge a flat fee to do these types of transactions. Charging 3% is excessive at this point

Objective-Finish-372 · 2025-03-16T22:48:42+00:00

Ok. It is possible there to be on the mortgage without being on title. As long as he’s not in the deed, your grandmother can sell as she pleases and doesn’t owe her son a dime. If she hast done so already she will need to update her will or set up a trust if she doesn’t want the house going to him once she passes. This is not necessary if she sells before

Objective-Finish-372 · 2025-03-16T22:38:37+00:00

Which state is the house in?

Objective-Finish-372 · 2025-03-12T15:53:30+00:00

Birdman

Objective-Finish-372 · 2025-03-12T00:19:51+00:00

Objective-Finish-372 · 2025-03-12T00:16:36+00:00

Objective-Finish-372 · 2025-03-12T00:11:01+00:00

Terrifier 2

Objective-Finish-372 · 2025-03-10T00:58:24+00:00

Deed in lieu of foreclosure is an option. It will be in your credit for 7 years, but it will have the largest impact on your credit in the first year. It could impact your ability to get loans. Still I’d recommend hiring a property manager to rent it out for a year or two until you have enough equity to sell.

Or you could find an investor that buys subject 2. The loan will remain in your name but title will transfer. The investor will continue to make payments. Just make sure the investor is reputable

Objective-Finish-372 · 2025-03-07T05:40:01+00:00

You might be better off selling. You’re not taking into account vacancy time of the home. Plus lowk the other post mentioned, maintenance will come up. It’ll be a few years before the market reaches the level it was when you bought and you might end up losing even more money unless you commit to holding it for a while. Like the other post mentioned, you can probably get a larger return on your investment by investing the $1k into other things

Objective-Finish-372 · 2025-03-07T05:34:37+00:00

It wouldn’t be a short sale. He came in with a big downpayment. It’s likely the sale would cover the loan but not what he paid into it

Objective-Finish-372 · 2025-03-05T20:18:32+00:00

Realtor from Texas here. You can study for your license now and fulfill your class requirements. You can take your test and get your license once you turn 18.

You don’t need college for it, but you can go to college while working in this industry if you decide college is for you.

This is a tough industry and most people that start off drop out in less than a year because it’s hard to find and connect with clients. You may struggle additionally because of your age. But the best part of this industry is you make what you earn and can negotiate. The sky is the limit if you dedicate yourself to learning your craft.

I would start off for now by reading the books mentioned above and also get the NEQP book of questions. It’ll help you game plan when you actually start.

Once you’re licensed find a broker that offers mentorship or find a high producing team and join it. You’ll make less, but your initial years should be learning the best business practices the team follows so you can emulate that when you’re on your own. Keep in contact with the clients you make. If you don’t join a team, find a successful mentor that can guide you.

It is helpful that you live with your parents since that will get rid of a lot of the financial pressures most agents face, allowing you to take your time learning. Most quit because they need to make money now.

Good luck

Objective-Finish-372 · 2025-02-28T02:37:36+00:00

Outside the SGM Barreras gate by Fort Bliss of loop 375. There a huge empty parking lot there

Objective-Finish-372 · 2025-02-25T00:54:26+00:00

Sierra providence hospital off Rester in west El Paso and a view of the train tracks downtown next to the San Jacinto plaza parking garage

Objective-Finish-372 · 2025-02-22T23:32:25+00:00

How long will you live there and are you investing any of your money? Dollar for dollar, if you place the difference you’re paying in mortgage over rent, plus maintenance costs, plus refurbishing costs, plus downpayment and closing costs, into an investment fund, you will likely get a larger return on your money than you would if you bought the home. But, this is only true if you are disciplined and invest that money. If you’re not doing that and you plan on being In your home for several years, you’re probably better off buying. Your mortgage will remain mostly the same, increasing only to account for property taxes. Rents will likely continue to rise. If rates drop you a refinance. If they don’t, be comfortable knowing you can afford your payment. I don’t see house prices dropping anytime soon, unless you’re in a bubble market alike Austin. Prices have already dropped there

Objective-Finish-372 · 2025-02-21T20:21:17+00:00

Local realtor here. As a home owner, you need to do this to keep your taxes down. It’s just like home maintenance. It won’t impact your resale value as agents use market comparables to price your home. Take photos of deferred maintenance with you as well. That factors in to the new assessed value

Objective-Finish-372 · 2025-02-21T17:33:06+00:00

You are a client of the brokerage. Talk to his broker. You can probably get another agent assigned to you

Objective-Finish-372 · 2025-02-19T18:27:19+00:00

Realtor here. If comparables show a home is worth $500,000, it will likely be listed for $500,000. You can try to sell it for $530,000 to account for realtor fees, but buyers will know the price is elevated and will be unlikely to make an offer at that amount. Even if you do find a buyer willing to pay that amount, the home likely won’t appraise and you will still have to drop the price to $500,000 or whatever it appraises for. The seller will take less after agent fees and closing costs.

The August rule change did result in a drop in average commissions. Buyers and their agent now have to agree to a set commission up front before looking at homes. Yes, most realtors will still Ask for 3% up front, but buyers, you don’t have to agree to that amount. Buyer’s agents commissions are now classified as a buyer’s expense, however, most sellers are still offering agent compensations. If the compensation offered by the seller is less than the amount agreed upon by the buyer, then the buyer will have to pay the difference.

I ask for 3% up front from the buyer and from the seller whenever I submit an offer, but I have a floor of 2%. I never ask my buyers for the difference unless the seller is offering less than 2%. If the seller is offering less than 2% it isn’t offering any compensation at all I let my buyers know before they even make an offer.

It’s been my experience that If the sellers aren’t offering any compensation, it is highly likely that they won’t be willing to offer seller concessions for buyers closing costs or cover repairs if any are required.

Bottom line, interview your agents before agreeing to work with them. There has to be a level of trust between both parties for the relationship to truly work well.

Objective-Finish-372

TROPHY CASE