Category: El Paso TX

When Selling Your Home for Cash Outweighs Putting it on the Market

Posted on by El Paso Cash Home Buyers

sell my house for cash

There are currently 2,691 El Paso homes listed for sale on Zillow.com. In that search result, the lowest priced home is selling for $114,668 and the highest priced property is $6 million for 51.22 acres of land. The contrast in these listings have very little to do with personal situations and everything to do with real estate value. But as someone who is going through a difficult situation, selling your home the traditional route whether it’s with the help of a real estate agent or placing it on a listing sites such as Zillow, may not be your best option.

In situations where time, money, and a rough situation are the biggest factors, selling your home for cash may be the best option for you. Let’s explore these determinants further.

Time is a Factor

It takes time and effort to sell a home. Depending on the condition and location of your home, it may sell quicker. Right now, El Paso’s real estate market is in good condition. This means, people are actively buying homes. Additionally, many longtime homeowners are moving into newly built homes. The growth in new development has made older homes less sought-out unless they’ve been renovated with all the new, in-demand amenities like energy efficiency. But even then, it may take several months of viewings and hosting open house events to draw in the right buyer. If you’re looking for a fast turn-around time, selling your home for a competitive cash offer is your best bet.  

You Can’t Afford the Repairs

With a healthy real estate market comes more room for demand. Buyers in the Sun City are looking for move-in ready homes. While there are the occasional single-home buyers looking for a renovation project, most buyers want a home with little to no repairs. As someone who cannot afford to pay for all the potential repairs, a cash sale is a viable option. El Paso Cash Home Buyers will buy your home no matter its condition. Since we don’t require any work on your end, there’s no need to make any changes!

Your Situation is Complicated

No situation is alike. We understand that what you’re going through is specific to your circumstances. Selling your home is likely your last resort and one you’d much rather avoid. As cash home buyers, we do our best to make the process as easy as possible because we know that time, finances, and other personal matters are all on the line. When you come to us and provide a synopsis of your situation, we work fast to provide you with the competitive cash offer so that you can make a decision that best meets your most pressing needs. Our process is seamless because we know that in these time-sensitive situations, the last thing you need is another issue to worry about.    

Don’t Stress. Give El Paso Cash Home Buyers a Call Today.

When the traditional route of selling your home doesn’t meet your needs, consider selling your home for cash. At El Paso Cash Home Buyers, we’ll provide you with the most competitive cash offer around, and we’ll ensure you are able to move out as soon as you need to. Please give us a call today to get started.  

I Can No Longer Afford My Mortgage: What Are My Options?

Posted on by El Paso Cash Home Buyers

bills

When America experienced the financial crisis of 2007 – 2008, the housing market went into a frenzy. The housing bubble popped and real homeowners were scrambling, trying to figure out their next move. Though we like to think of our mortgage as something that is secure and will keep us in our homes until that final payment, unfortunately, nothing is certain.

If you can longer afford your mortgage payment, there are options. Know that you are not alone in your struggle, even if it feels this way. Taking action now can help eliminate any additional financial damage.

Here’s what to do if you can no longer afford your home:

Contact Your Lender Right Away

As soon as you realize you won’t be able to afford your mortgage payment, that’s the time to contact your lender. Inform them of your situation. In some cases, you may be able to apply for a loan modification. Options such as refinancing due to financial hardship are feasible when there is enough evidence to prove you’re going through a serious financial struggle because of a life change such as losing your job or becoming injured.

If you’re unable to secure a modification in your loan, then the next step is to consider selling your home.  

When Selling Your Home is the Best Move

Time is especially critical when you can no longer afford your mortgage. As soon as you miss your first payment, your mortgage lender will begin taking steps for foreclosure. You do NOT want your home to go into foreclosure. If you allow this to happen, you will essentially lose everything. Not only will you be forced out of your home, but you also won’t have the funds to move.

When you have no clear sight in mind of when you’ll be able to afford your next mortgage payment, that’s when selling your home is the best move. Whether you lost your job, are dealing with a serious health condition, or made a bad financial decision, selling your home through a quick sale will allow you to have funds for your next move. Through a short sale, such as selling your home for cash, you’ll be able to have the means necessary to pay for an apartment or other more affordable housing options.  

You’re Not Alone — Help is Available

Although it may feel like your world is caving in, remember that you’re not alone. So many other homeowners have been through what you’re currently going through and although you likely never imagined yourself in this position, you will get through it.

El Paso Cash Home Buyers is here to offer you the highest cash offer possible for your home. Since we base our cash offer on the market value of your home and we will beat any legitimate competitor’s offer, this ensures you will receive the best cash offer around. Connect with us today to learn more. In many cases, we are able to get you cash for your home, in your hands, in as quickly as seven days.    

Selling Your Inherited Property in El Paso

Posted on by El Paso Cash Home Buyers

inherited property

So you’ve inherited a home! There are contrasting emotions that come with being given a home. For one, you could be excited about the possibilities of the new home. On the other end, you could be scared and/or stressed with the thoughts of maintaining it. These emotions will have a lot to do with the home itself and your plans for it. Will you move into it? Does it have the potential to be rented out?

If you’re currently feeling as though you want to sell the inherited property but haven’t quite made up your mind, take the following into consideration:

1. Do you have the time and resources to maintain it?

As a whole, consider the realities of keeping the home. If you have the needed time and money to maintain the property than you are at an advantage. If you fall on the other side of the spectrum, that’s okay. Not everyone can afford a second home, even if it was given to you as an inheritance. Do you know that common saying, “Nothing in this world is free”? Unfortunately, It’s true. Inherited properties still come with a cost in the form of maintenance and possibly property taxes.     

2. Is the inherited property located in the same city as you?

Living in a different city than where the inherited property is located comes with some major drawbacks. Unless you have friends or relatives who are willing to help you out, you’ll need to find time to check on home every couple of months. Even if no one is living in it, you need to make sure there are no major issues going on. For example, you’ll want to make sure that there isn’t any property damage such as a leaking roof or pest infestation.  

3. Do you plan on renting it out?

One of the biggest advantages of owning an inherited home is that you can rent it out and earn additional income. However, renting it out does require work, time, and money in order for it to be successful. Since renters in El Paso want homes that are modern, clean, and hassle-free, you’ll need to get the home in shape before you can list it. With an older home, this may require several renovations or a complete makeover. While it is possible, you will need to determine whether you have the money for these renovations. Additionally, once you have tenants, will you be able to keep up with the maintenance?

4. Is the home causing more stress than anything?

When parents or grandparents pass away, their children are often surprised at how they chose to divide (or not divide) their lifetime earnings. A home is often one of the most controversial items on the will. It can create tension, fights, and even months or years of not speaking. If you currently find yourself in this situation, it may be best to sell the home. When an inherited property is causing more harm than good, you should move forward and away from the situation by distancing yourself as much as possible. And the furthest you can get is selling it.   

5. Do you need money for something else?

Homes are amazing assets. An inherited home is twice as amazing because you didn’t have to pay upfront for it. The question of whether you should sell it will come down to this: Do you need the money? Even if the home has sentimental value, it’s important to consider whether you could use the money you earn for the home on something more pressing. For example, let’s say you need help sending off your son or daughter to college or you’re tired of being in debt and want to pay off those high-interest rate credit cards so you can sleep better at night. If there are other large expenses that need your immediate attention, selling the inherited home could be wise.

Don’t Stress! Contact El Paso Cash Home Buyers Today

No one is ever prepared for the realities of being granted a home. Even if your parents, grandparents, or whoever left you the home gave you advanced notice of their plans to leave the home in your name, when the time comes, things can feel very differently. Perhaps your situation today can’t afford you the time and resources needed to maintain an entirely separate home.

If you’re feeling overwhelmed by the whole situation, give us a call. We can provide you with a market analysis of your home, which will ensure that we present you with a 100 percent competitive cash offer based on the current real estate market. To learn more, simply give us a call!

3 Signs It’s TIME TO SELL Your Rental Property

Posted on by El Paso Cash Home Buyers

sell my home

Whether this was once your primary home or you inherited it after a relative passed away, having a rental property can come with numerous benefits. This does, however, depend on what the situation looks like. It’s possible to have a rental property that’s lucrative and easy to manage one year then find yourself with a money pit the next.

If it’s been years since you last saw positive earnings from your rental home, you should consider selling. A good real estate investment looks vastly different than a home with one too many repairs whose current dwellers are making them worse! In addition to not earning the money, you should be from monthly rent, putting money into the home could wind you in the negative.

So if you’re experiencing any of the following, consider selling your home sooner rather than later:

1. Your Rental Property’s Finances Are Always In the Negative

This reason alone should be why you act fast. A rental property should bring you consistent POSITIVE cash flow. When you’re consistently having to chase down the tenants or you find yourself forking out your own money to cover the needed repairs, this can’t be good. Monthly cash flow includes your income on the rental as well as the expenses. These two should leave you with positive income. If the rent isn’t consistently covering the additional expenses, this will hurt you. You might think a month or two of paying out-of-pocket expenses is okay but once you go past that, you will only be damaging your finances.  

2. It’s Located in a Less Than Desirable Area

El Paso’s real estate market is changing. It is one of the top cities to buy a home and yet there are areas that aren’t necessarily seeing those benefits. The reason? Unfortunately, with new development, potential buyers are flocking to areas with newly-built homes. Another possible reason your rental home isn’t seeing traction since the margin of renting vs. buying is so close, many are choosing to buy vs. rent. From a financial standpoint, even renters are looking for the best way to invest. This means finding a home that’s a)for sale and b)located in a new development area. Of course, this isn’t always the case but it may be for your rental property.    

3. Managing it Feels Like a Full-Time Job

The purpose of owning a rental property is to bring in additional income. If this isn’t your primary source of income but it feels like a full-time job, then something may be wrong. From receiving calls from the tenants while you’re at work to spending countless weekends making repairs, the time you devote to the rental property shouldn’t drastically overlap with your professional and personal life. Moreover, if it’s affecting your health in the sense that you’re stressed and consistently worries—this can’t be good.

Ready to Make a Positive Change?

If you’re ready to rid yourself of a rental property that’s no longer worth your time and effort, then consider selling it for cash. At El Paso Cash Home Buyers, we buy rental properties in any and all conditions. With the cash we give you for your property, you’ll be able to use it towards your own home or invest in something else for that matter. Our cash offers are competitive and we’ll even beat another competitor’s legitimate offer. Connect with us today to learn more!

Do You Need a Fresh Start? When To Consider Selling Your Home

Posted on by El Paso Cash Home Buyers

Financial assistance

The reality is, the majority of Americans live paycheck to paycheck. On top of paying the bills that come every month such as the mortgage, electricity, water, and other personal needs including groceries and hygiene products, we still have other bills. It could be the credit cards we used to buy furniture and Christmas gifts, a car payment, student loans, something we financed, and essentially this list of additional bills can go on and on. Carrying debt means that not only are we living paycheck to paycheck but essentially we’re taking on additional debt in the form of interest that won’t go away until the account is paid in full.

It’s no surprise that the desire to start all over again is alive in so many of us. We’ve all made mistakes with money even if it was as minor as buying the wrong pair of shoes that we can no longer return, the feeling of defeat is something we’ve all experienced. If life were as simple as hitting a reset button the majority of us would have hit it by the time we turned 32. But since we don’t have this option, it’s time to be practical. This begins with a financial plan.  

Creating a Financial Plan — Deciding What Goes and What Stays

Think back to a time when you didn’t have debt. What did your life look like? Perhaps you weren’t driving the same vehicle, your student loans were non-existent, you didn’t own so much stuff, or perhaps you didn’t have the house you live in today. It’s easy to get comfortable to a certain lifestyle but once you realize you can longer afford that life, it’s time to make changes.

Making a financial plan begins with listing all of your debt. Write down the lender and exactly how much you owe. Then, determine how long it’s going to take to pay off those accounts. Once you have a clear picture of what your true debt looks like, it’s time to decide what should stay and what should go. Do an inventory of our home. Clean out the garage and see what items you could possibly sell.

One of the biggest items on your list will easily be your home. If you can longer afford your mortgage and your income won’t be changing anytime soon, it’s time to sell.

Selling Your Home for Cash

Imagine not having a monthly mortgage. Or imagine if that payment was even half of what it is today. You could pay off those credits and you wouldn’t feel like you’re consistently suffocating. When you sell your home for cash, not only will you have the ability to start fresh but you can make wise decisions with a clear mind that will put you in a better position then if you were to stay in the one you’re presently in.

financial help

Explore How Selling Your Home in El Paso Can Provide You With Financial Freedom

El Paso Cash Home Buyers is an investment company. We buy homes and invest our own resources to fix them up and make them move-in ready for the next dwellers. When you sell us your home, we are investing in you. Our cash offers are competitive because we know that this amount is going give you the leverage you need to begin your new journey. But above all, our offers are based on the real market value. We’ll never ask you to make any repairs and we always buy as-is. You can think of us like a reset button. Sell us your home and start fresh!  

How to Deal With a Probate Property

Posted on by El Paso Cash Home Buyers

companies that buy houses in any condition

When you inherit a home that is less than desirable, you are tasked with the job of selling it or maybe putting it up for rent. Both options are easier said than done. When you look at the house all you can see is the old faded paint, damaged stucco, outdated design, and overgrown garden. Selling this property may seem impossible. The problem can be even worse if you are not actually in the same city as the home. And even worse, if it was the home you grew up in, it may be heart-wrenching to see it in such terrible condition.

So what are you to do? Your best option is to find companies that buy houses in any condition. Companies that buy homes in any condition are not concerned with how bad or ugly the home looks, they know that you don’t have the resources or funds to renovate the home yourself, so they are prepared to take it off your hands in the condition it stands.  

You Don’t Have to Conduct Repairs

When you turn to companies that buy houses in any condition the biggest benefit is not having to conduct any repairs. Investors will often take the home off your hands and simply deduct the repairs from the price paid out. This gives you a huge service. At the end of the day, you don’t have to worry about paying for and conducting any repairs yourself. There is no need to hire an expensive repair or renovation team either. There’s no need to worry when an investor will take the property off your hands and give you the value in cash.

Don’t Worry About an Outdated Home

There’s also no need to worry if the home is in outdated conditions. Normally, when selling a home on the real estate market, outdated kitchen and bathrooms can be a huge downer. There is no choice but to conduct a renovation before trying to sell. However, when you turn to companies that buy houses in any condition this is not the case. You can simply hand the house over and receive cash in hand!

Don’t Wait for the Market

Listing your home on the market is a long extensive process. Aside from repairs and renovations, you still have to find a reputable real estate agent and stage the home. Then, you have to wait for interested buyers to ganders through the home and offer bids. The process can take several months to a year. On top of all that, prospective buyers may end up trying to negotiate a lower price than you had intended. Many people try to sell their probate home on the market only to find out that they won’t get what they hoped for anyways.

Work With the Best Cash Home Buying Company in El Paso

At El Paso Cash Home Buyers, we can help you get rid of your home quickly. Even if this is a probate property in poor condition, our experts can take care of the problem for you! We make it fast, easy, and competitive. Contact us today for more information.  

The Advantages of Cash Home Buyers Compared to Traditional Real Estate Agents

Posted on by El Paso Cash Home Buyers

Cash home buyers

Popular online real estate databases like Zillow, Redfin, Realtor, and Trulia have made it feasible for anyone looking to sell their home to do so much more efficiently. Real estate agents rely heavily on online marketing in order to attract more potential buyers. While the tactic to sell homes have improved over the past couple of years, it can still be difficult to sell a home. Many consider other means like placing it for rent or gifting it to a child. Another option that has gained momentum is selling it to a cash home buyer. If you’re considering this route, you may be wondering is it worth it? What are the advantages? As a cash home buyer in El Paso, allow us to explain the main advantages of choosing this viable option.  

Maintain Privacy — No One Will Have to Know You’re Moving

Once you place a ‘For Sale’ sign on your lawn, you can expect your neighbors to take interest in your situation. For better or worse, sharing your need to move can be uncomfortable. A real estate agent’s job is to market your home the best of his or her ability so that will draw more attention to your situation. While you undoubtedly want to sell your home quickly, if you haven’t moved out, it can be extremely overwhelming dealing with the attention. Instead, cash home buyers will view the home at your convenience and make you an offering price without ever having to place a sign on your lawn. If privacy is of a concern for you and your family, you’ll want to consider working with a cash home buyer.

Save Time and Effort

Showing homes to potential buyers can be exhausting. First, you’ll need to prepare the home. This involves making repairs, moving furniture or emptying the home, and sprucing it up so that you can lure in buyers. You might wonder why you’re having to spend so much money on these repairs and visual improvements when you’ll be moving soon. The reality is, if you go the traditional real estate route, it involves more time and effort to sell your home. On the contrary, cash home buyers work fast and offer to buy your home as-is. At El Paso Cash Home Buyers, we often close deals in as little as seven days. You can completely avoid spending time, money, and effort in selling your home by working with us!   

You Can Move On From a Difficult Situation Much Sooner

There’s no telling how soon your home will sell when you go the traditional real estate route. This can be troubling if you’re trying to move on from a difficult situation. But not to worry — when you sell to a cash home buyer, you won’t have to wait much longer to leave your home. El Paso Cash Home Buyers can buy your home as-is and give you enough time to move out. We realize you’re already in a stressful situation, we won’t make it any more complicated!

Contact El Paso Cash Home Buyers Today

Whether you’ve had bad luck in placing your home on the market or need to sell your home fast because you’re relocating to another city, we can help! Believe us when we say you’ll see the benefits of a cash home buyer, right away. Give us a call today to learn more.  

Top 3 Benefits of Selling Your Home As Is

Posted on by El Paso Cash Home Buyers

sell my home as is

Selling a home requires effort, persistence, and a healthy market. The odds are not always in a home seller’s favor. Sometimes a home can sit on the market for months on end with little to zero interest. This can be challenging, especially if you’re anticipating a big move or perhaps already find yourself in a new city. You’ll want to consider other options at this point. A realtor may be advising you to make the necessary repairs or lower your asking price. Not having the funds or resources to make renovations in order to appeal to buyers, leaves you with the last resort of dramatically dropping the price but even then, the property may not sell. Consider selling your home as is, instead.

The benefits of selling your home “as is” extend beyond the quick and easy process. Selling your home for a competitive cash offer allows you to move on from a difficult situation, avoid paying for repairs, and there’s no need to pay a realtor a portion of the sale. Let’s explore these benefits further:  

Benefit #1: No Need to Pay for Repairs

If you’ve lived in your home for more than a few years, you know every crack, dent, broken door, and outdated appliance. Like most homeowners, you hoped to fix or update your home but a lack of time and money always got in the way. Now that your home is for sale, potential buyers are examining the home for these potential repairs. You might be thinking, “I wish I could just sell my home as is!” Well, you’re in luck because you can! The benefit of selling your home “as is”, is that there’s no need to make any repairs. Since we buy your home “as is”, you can move out without the stress of hiring a professional cleaner. Leave all the dirty work to us!

Benefit #2: Get Out of a Difficult Situation Faster

Going through a divorce? Relocating to another city? In a difficult situation? No matter the reason you need to sell your home quickly, we’ll help you get out of the situation faster than the traditional real estate process. Most of our home sales close in as little as seven days! So once you agree to sell us your home, you can move on with cash in your hands.

Benefit #3: No Realtor Fees

Realtor fees, closing costs, other hidden fees? You can completely avoid paying any of those! Another major benefit of selling your home as is. The full cash offer we present you for your home as is, is the cash offer you’ll receive. We’ll never request any additional fees and there are absolutely zero hidden costs! In addition to avoiding realtor fees, you avoid the risk of a sale that may fall through. Sometimes buyers back out last minute, leaving you and the realtor with more work to do.    

Sell My House As Is! — Contact El Paso Cash Home Buyers Today

These are only a few of the benefits of selling your home as is, there are many more! At El Paso Cash Home Buyers, we’ll work with you to ensure you’re fully in the loop of the buying/selling process. Our cash offers are competitive and we’ll help you understand the market value of your home. Connect with us today!

How Can I Sell My Home Fast for Cash?

Posted on by El Paso Cash Home Buyers

hand holding cash while other hand holds a model home, answering the question "can you sell my home fast for cash?"We hear the same question all the time, “How can I sell my home fast for cash?” While the answer may feel impossible for most El Paso homeowners, it really isn’t. Selling a home quickly and getting a cash payment is actually not as hard as it seems. It really isn’t to good to be true in this case. Many people come to us looking for a quick sale for many different reason. On top of that, they fear the worst because their house is not in perfect shape. However, when our clients want to know, “How can I sell my home fast for cash,” we simply tell them the truth.

The Facts About a Quick Home Sale

First and foremost, from the beginning to the end of the process , it normally takes one to two weeks. In some cases the transaction can take longer. However, this is still only a percentage of the time it would take to sell the home on the housing market with a real estate agent. Many ask, “Will I get the full value of the home with a quick sale?” The simple answer is no. But, you will however get a fair price. It is important to take into consideration that the house is accepted as is. The buying agent will also be assuming all the work to make repairs and put the house on the market to get their money back. While they make a profit, they also pay all the cost that you don’t have to.

Selling a Home Fast For Cash As Is

One of the greatest benefits to a quick sale is the fact that you can sell it as it. There is is no need to make repairs, paint, fix outdated rooms or conduct any kind of work on the house. The investor will conduct an inspection and take these costs into consideration with the quote they provide. Many people say, “I just want to sell my home fast for cash and be done with it.” This is exactly the service a quick sale investor provides.

Contact Us Today

If you are asking yourself, “How can I sell my home fast for cash?” be sure to contact us at El Paso Cash Home Buyers. We provide honest, fair quotes. We also have a quick transaction period. Whether you have found yourself in a bind, or simply want to be done with the sale of your home, we can help. Contact us today for more info.