Sell My Home Archives - El Paso Cash Home Buyers

Why You Should Sell Your El Paso Home to an Investor Instead of an Agent

Posted on August 15, 2022August 16, 2022 by El Paso Cash Home Buyers

Looking for an agent to sell your home in El Paso is a common practice for many because it has been the way things are done for a long time. However, not everyone experiences a good deal with an agent and might look for better options.

If you also want to sell your home in El Paso, it is better to sell it to an investor instead of an agent in the cheapest way. Selling your home to an investor might seem like a different idea, but it’s worth it due to the many benefits that you get.

We’ve compiled some of the main reasons why you should sell your El Paso home to an investor instead of an agent below.

Investors Buy Homes in Their Original Condition

If your house needs a renovation or touch-up, an agent will ask you to make all the necessary changes before they list your property for sale. On the other hand, an investor will never ask you to make any changes; they will buy the house as is.

You will not have to worry about leaking pipes, broken walls, or anything else. An investor will make a deal with you where they will deduct the charges for every issue and give you the liberty of not having to make any repairs.

Investors Buy Homes in All Kinds of Neighborhoods

Your neighborhood can significantly affect the value of your home if you sell it to an agent. This is not the case when you sell your El Paso home to an investor, as they don’t care how loud or crowded your neighborhood is; since they don’t have to live inside the property, they are just focused on buying and restoring it to flip it for profit.

Investors Don’t Have to Relist

When you sell your home to an agent, you will have to wait for a certain period for the selling actually to take place. You will have to relist an agent if the period expires without a deal. This is not the case with investors who buy your home for themselves. For this reason, there are no time constraints for any agreement and no relisting on your part.

Investors Pay in Cash

Property agents can help you find a buyer but can’t guarantee timely payment. Most buyers will pay some cash and have to approach a financial institution for a loan. Some loans aren’t materialized in cases like these, leaving you with no deal.

On the other hand, investors mostly pay the amount in cash and do not have to rely on loans. This saves you from any hassle or extra wait for the money.

Investors Don’t Rely on Market Value

Property agents have to rely on market value, and they can’t do anything if the real estate market is down and there are no buyers. On the other hand, investors don’t rely on market or property value. They will buy your home, make it attractive, and sell it when the market is up again. Investors can buy your house and sell it at their convenience or timeline.

Investors Don’t Charge Any Fees

Agents sell your home mainly to get a commission out of the deal. In this way, the selling price decreases for you as it gets split between you and the buyer’s agent, leaving you with a lower amount of the deal.

Investors don’t charge you any such commission and pay you the amount quoted for the deal. When you sell your El Paso home to an investor, there are no cuts in between.

Sell Your Home in El Paso Today

Selling your home to an investor is far better than selling it to an agent, as it saves you time, energy, paperwork, and mental work. The hassle-free procedure lets you crack the best deal with an investor.

If you are looking for great options to sell your El Paso Home, you can freely contact us at El Paso Cash Home Buyers to find the best deal with an investor of your choice.

How Can Different Seasons Affect the Homeselling Process?

Posted on December 16, 2021December 16, 2021 by El Paso Cash Home Buyers

The key to selling your home and, ultimately, selling your home the way you planned, is timing. In fact, the housing market is studied for its changes and how these changes look over a span of months and even years. If you have been thinking about selling your home, you have to be wise about when you plan on putting it up on the market. Each season of the year offers different advantages and disadvantages. With that being said, it is up to you to decide which time of the year works best for you and your home. Our experts at El Paso Cash Home Buyers know the real estate market like the back of our hands. To better help you prepare, we discuss how the different seasons impact home selling.

Winter Months: December to February

Many home sellers ponder on the idea of selling during the colder months. There is often less competition, which can be advantageous, but this is usually due to the fact that there are not very many people looking to buy, so it can be a bit difficult to get your home off your hands during the winter. Not to mention that buyers want to be able to close a deal on a home before the end of the year in order to earn potential tax breaks, so you might want to consider posting your home even a bit earlier before the winter.

Spring Months: March to May

The springtime is often considered the best time to sell a house, no matter where you live. In fact, studies show that the first two weeks of May tend to be the busiest for home sellers. The spring is the easiest time for people to buy, so the demand is high. As such, it might be challenging for you, as a home seller, considering you’ll be up against many others who will be selling their homes as well. Considering there is more demand, buyers may be willing to offer a higher bid to make sure they can close the deal on your home.

Summer Months: June to August

The summer is also considered a popular time for home selling, but considering the weather, many buyers may not be willing to be driven to look at homes in the heat. Higher temperatures call for higher air conditioning costs and yard maintenance, which is something both you, as a home seller, and the buyer will have to consider. The good news is that families may feel the urge to find a home quickly when their kids are on break from school. For the summer, the pros definitely outweigh the cons.

Fall Months: September to November

The fall may sound like the perfect season to dress up and sell your home, but don’t be fooled, this is one of those times of the year where it can easily make or break curb appeal. One buyer might be swayed by the beauty of fall foliage, including trees and vegetation, whereas another buyer may not be too convinced about the idea of having to maintain a yard. The fall is a busy time for younger buyers, so if you are planning on selling during the fall, this is the target audience to aim for.

Simple Tips That Can Help You Sell at Any Time of the Year

If you are still debating on when you should sell your home, there are still a few simple tips to keep in mind and work on ahead of time. These tips are great no matter when you decide to sell!

Find the Right Agent

Finding the right agent means finding a professional that will help you meet your every need and goal with your home. You want someone that will be there for you from start to finish!

Base the Price on Selling

You should price your home competitively. Offering a price that catches potential home buyers’ attention will help you sell your home even faster.

Make the Deal Worthy

To make your home look even more attractive, you can throw in special deals, such as paying some of the closing costs or offering a transferable home warranty. Buyers are always looking for sweet deals so this can greatly increase your chances of selling.

Ready to Get Your House Off Your Hands? We Can Help!

There’s no team more ready to help you sell your home than El Paso Cash Home Buyers! We can provide you with an offer that works for you within a time frame that also suits your needs. If you have any questions about how we work, you can contact us today to learn more.

Key Questions to Ask Before Selling Your Home in El Paso

Posted on May 28, 2021May 28, 2021 by El Paso Cash Home Buyers

It’s an age-old adage now that buying a home is the biggest financial decision of your life. It is uttered so frequently any time there is any talk about purchasing a home. And yet, while everyone has plenty of advice to give about when and how to buy a home, selling a home is not always as readily discussed. But just like buying a home is a big financial decision, selling a home is also a financial decision. The circumstances tend to differ, but it is often prompted by changes in life circumstances, job, family, or financial situation. So what kinds of questions should you be asking yourself when thinking about selling your home? We explore this below.

Avoid Getting Caught Up in the Emotions of the Sale

Just like buying a home was likely an emotional (as well as a financial) transaction, having to sell the home you worked so hard to get might be equally as emotional or harrowing. Owners are often surprised to find this out. Stay focused on the business aspect of selling your home and ask yourself honest questions to ensure you’re not acting on emotions alone.

Question #1 Is this the Right Time to Sell?

There is no easy answer to this question. There is another question to this question. That is, is this the right time for you? The market will always have its ups and downs, ebbs and flows, zig- zags, but it really comes down to the central reason to why you are selling your home. That doesn’t mean you can’t get informed as to whether your local market is a buyer’s or seller’s market. This will make a difference to the result, but there is not much about it that you can control. So doing some local research will help you get better prepared and informed about the local conditions. And yet, if there is more of a buyer’s market, it’s wise to be strategic.

Question #2 What are Your Reasons for Selling?

This question will help you decide on the best approach. If you are selling your home because you are in need of fast cash or a quick way out of your current home or mortgage, then whether the market is a seller’s or buyer’s market might not be all that relevant. It will be more about your immediate needs in selling your home.

Question #3 Does your home need major or minor repairs?

The condition of your home will be a relevant question whether you are planning to sell the home yourself, through an agent, or through a fast-cash sale. Does your home have major home renovations or repairs that need to be done in order to put the house on the market? If you are looking for a fast sale, dealing with a home that requires plenty of repairs might mean a longer wait, inspections, requests from sellers, etc. Home sellers can avoid that by choosing to sell their home ‘as is.’ If going through an agent, however, this might mean not selling the home for the best price.

#4 What is the Best Approach to Selling your Home?

This question also has a lot to do with personal circumstances and the particular situation surrounding your home sale, as well as the condition of your home. Owners often wonder if it is best to hire an agent, to sell it independently, or to go through a cash home buyer.

Why You Should Consider a Cash Home Buyer for Your El Paso Home

If you are looking for a sale that is quick and avoids the hassle of the mortgage loan application process, home inspections, repairs, negotiations, and the closing table, consider El Paso Cash Home Buyers. This is a two-step process. You tell us your situation and the details of the home, and we make an offer.

Then you decide.

This gives you a tremendous amount of control. Homeowners often report that going through an agent makes them feel the process is somewhat bureaucratic and moves at a glacial pace. Plus, there is no obligation. If you don’t like the cash offer, you walk away. It’s that simple.

Sell Your Home Without Losing Sleep with El Paso Cash Home Buyers

El Paso is a growing real estate market. There are plenty of buyers ready to purchase in this growing and prospering city. If you’re ready to sell and you’re not sure of the option for you, give us a call. Our offer and guarantee might just surprise you. Not to mention how easy the process is.

Ready to sell your El Paso home fast? Call us today and learn more about how we make the process easy.

Understanding Squatters in Texas and How to Prevent Them From Stalling your Home Sale

Posted on March 30, 2021March 30, 2021 by El Paso Cash Home Buyers

The term “squatting” refers to when someone occupies property without being the rightful owner of said property. Most people have heard enough about squatters that they have developed an image of what they look like. Many envision them as dread-locked sandal-wearing hippies painting abstract art and smoking cigarettes. And yet squatters come in many forms and although it’s not an overtly common problem today, squatting still happens, and it’s why there are laws that define how to deal with these situations.

What is a Squatter, Legally Speaking?

A squatter is most commonly defined as someone who has no legal claim to property but settles in and occupies said property. They don’t have to do it at gunpoint, either. Oftentimes, these are people who understand they can use a property that is vacant. At some point, the squatter may gain adverse possession of the property through involuntary transfer.

How Does this Happen?

If a person who owns a property neglects to visit it or use it for several years, they could potentially lose it to a squatter. In the simplest of terms, the squatter can make a claim on the property or land, take possession of it, and then use the land.

Every state and locality has its own laws regarding squatter rights. In New York City, for example, occupying the property for more than 30 days grants the squatter the legal right to remain on the property as a tenant. They don’t have to sign a lease agreement.

The general rules of gaining property rights via squatting include:

The occupation must be hostile

In this case, the term “hostile” is a legal term and it does not mean violent or heated. It means that there is an awareness of trespassing, that there is a simple occupation, or that it is a good-faith mistake. An awareness of trespassing, for example, requires that the person trespassing knows that they are trespassing, or the person does not have to be aware that they are trespassing. The person could also claim a good-faith mistake. This is when they did not know they were trespassing, perhaps because they relied on falsified deeds or bad deeds, etc.

The squatter must be in the property for a certain amount of time

The squatter has to occupy the property for a continuous period of time. This varies from state to state. In Texas, the period is ten years. That means that a person needs to have resided in this property for more than ten years. If a person leaves the property and then comes back, this won’t count.

The squatters must be exclusive to the property

In other words, squatters seeking to take ownership of a property cannot share the property with anyone else or any other squatters.

The squatter fixes up the property and makes it obvious that they are living there

A person cannot hide the fact that they are occupying a property. At the same time, one of the things that help people claim squatter’s rights is when they fix up the property. This includes cleaning up the yard, landscaping, fixing windows, etc. So, a person occupying a home can spend some time doing home improvement and show that they are caring for the property. In many cases when the property has been abandoned and neglected for a long time, this becomes an important detail.

How to Prevent Squatters from Taking Over Your Property

Legal experts advise that preventing squatters is better than having to deal with them. They can simply complicate things when it comes to trying to sell your home.

To prevent squatters from entering and occupying your property, you should:

Regularly inspect the property
Pay property taxes
Place No Trespassing signs throughout the premises, if it is not occupied
Hire a property management company
Begin eviction procedures immediately

The bottom line is that squatters can use the adverse possession principles to file for legal ownership of your home at some point. As soon as an owner suspects someone is squatting or living in their property, they must begin the legal proceedings to get them out through a legal eviction. After 10 years in Texas, a squatter can make an adverse possession claim and they will no longer be considered criminal trespassers on the property.

Don’t Prolong Selling Your Home. Get Cash and Avoid the Hassle.

If you have to vacate your home for whatever reason and don’t want to leave it vacant, selling your home for cash is a great way to rid yourself of problems without tangling yourself up in a traditional sale. A vacant property collecting dust and sitting in a neighborhood somewhere is not a good idea. It may encourage people to enter the property and settle in.

If you’re ready to sell your house and avoid the hassle of a regular sale, call El Paso Cash Home Buyers today and get fast money for your home.

Why 2021 is the Year to Sell Your House Fast In El Paso

Posted on January 28, 2021January 28, 2021 by El Paso Cash Home Buyers

People in the real estate business are emerging from an unprecedented year with plenty of surprises, changes, and uncertainty. They are not the only ones, of course. Many others across the country were part of industries that saw incredible strife, change, and economic distress.

Early predictions about the real estate markets were all over the place; most thought real estate will not do so well during a national pandemic. Contrary to some of these early forecasts, real estate fared quite well, and—in places like El Paso—there was a pressing demand for buying homes, as interest rates dropped and people searched for a place to call their own.

For real estate brokers, agents, and mortgage lenders, things seem to be normalizing, with new developments as the new administration takes hold.

So, let’s take a look at the real estate market in El Paso and why 2021 might just be the best year to sell your home.

A Background on El Paso’s Real Estate Market

A few years ago, the median home price in the El Paso real estate market was about $143,700. Even today, that’s still far from the national average—which hovers around $208,000.

El Paso is a unique market as compared to the rest of Texas for several reasons. One, El Paso has a lower median income of $40,000, which makes the homes more affordable, but the appreciation value has also increased in the past few years.

After 2020, however, many people are now looking into communities that are not as populated as the bigger metropolitan areas but are still cities with a robust job market and plenty of opportunities. By Texas standards, El Paso is still a mid-sized city. Houston looms with 2.3 million, San Antonio with 1.5 million people, Dallas with 1.33 million, and Austin with 950,000. The city of El Paso is at about 650,000 people, making it a popular destination in the state for those who are looking for less population density.

After the housing crash of 2008, the El Paso market took some time to fully bounce back. Once it did, it showed consistent appreciation and growth. Since then, El Paso home prices have remained relatively stable and consistent.

The Incoming Year and What Experts Forsee

As we close out the first month of 2021, real estate markets are expected to continue to have a demand for properties. Even at the end of 2020, the El Paso market was a well-documented seller’s market with more interested buyers than available homes.

Due to changing circumstances, people losing jobs, closing businesses, and folks ready to make a new start somewhere else, there is a lot of movement in the country right now.

In 2019, before the strict restrictions in states like California, people were already moving from these large and expensive metropolitan areas before the pandemic hit. In fact, 653,000 Californians decided to leave for another state. Census data shows that the biggest chunk of those people moved to Texas. In 2020, the exodus continued as California imposed ongoing lockdown orders with no end in sight. Some of the biggest reasons cited for the move included the less-than-friendly business environment, high taxes, left radical policies, and soaring housing prices.

Now’s the Best Time to Sell Your El Paso Home!

For many people looking for a good-sized city with affordable prices, El Paso is looking pretty good right now.

Here are a couple of reasons to sell your home this year:

Interest rates are expected to remain low. As long as this is the case, there will be a market for homes that are going on the market.
There is an unexpected move. If you’ve decided to make a move, this is your chance. With El Paso seeing such high demands for homes, putting your plan into motion today might ensure a quick and successful sale.
You are economically strained. Doubts about being able to afford your mortgage can put quite the strain on families and individuals who suffered the loss of a job.

So Why Sell Your Home in 2021?

Buying and selling homes is a very personal decision. For many families, it means an emotional change when they have to part with a home they’ve loved for years or are moving into a new place. For many homeowners, the year 2020 brought a lot of economic uncertainty that has carried over to the new year.

Many are wondering whether they’ll be able to continue paying their mortgage or whether their economic stability is about to be put to the test. Others may see this as an opportunity to begin again in a new place, given the freedom of work-from-home models. If this is you, consider this moment as a great opportunity to explore quick cash sales of your home.

El Paso Cash Home Buyers is able to help homeowners that are looking for a pain-free sale without the run-around involved in traditional sales. Cash sales give you a quick way to change course and, in times like these, many people are looking to do just that.

Want a Pain-Free Home Selling Experience? Sell Fast with Cash Home Buyers

Home selling can be a pain, but it doesn’t have to be. If you’re looking for new beginnings and need to sell your house fast, contact El Paso Cash Home Buyers and find out more about our process and how we can help you take the leap.

What is the Cheapest Way to Sell My House in El Paso, TX?

Posted on November 24, 2020November 24, 2020 by El Paso Cash Home Buyers

For homeowners that are selling their home for the first time, the expenses of selling that home will often raise eyebrows. Many people do not realize that selling a home can be quite expensive, not to mention a bit of a hassle. When the outlook of the economy does not seem as sunny, people look for ways to downsize or reduce their monthly expenses. As the year 2020 comes to a close with many jobs lost and the economy remains on the balance, many homeowners are looking to sell to move to a new place in search of work or remove the headache of a mortgage they can’t quite afford any more.

Depending on the market, the seller will often have to pay closing costs or at least cover a good chunk of those closing costs. This is why homeowners that are looking to sell are focused on one thing: cutting costs. For many, looking for ways to save money and even expedite the process is an important part. There are many reasons why people are looking to sell their home quickly—whether it is a necessary move for work, financial troubles, or other circumstances. Whatever the reason, there is great interest in selling fast and avoiding getting caught in the long selling process. So we thought we’d look at some ways you might consider to save some money on selling your home.

Reduce Realtor Commissions and Fees

Realtor commissions are typically 6% of the selling price. It doesn’t seem like much, but take a moment to do the math and the amount might surprise you. If you haven’t owned your home for a few years, this might mean that you actually take a loss on the home. Let’s take an average home in El Paso at about $150,000. When using the traditional method and using a realtor, that means you are losing $9,000 on that sale.

Now, if you have not had enough time to build equity and pay off into the home, the chances that you are losing money are pretty high. So how do you get around these commissions? Well, you don’t really. If you are using the traditional method of selling your home, you likely need a realtor and that will cost. It is possible, however, to shop around and find a realtor that is willing to do it for a flat fee. Because of today’s competitive market, this might be a possibility. Also, some realtor companies might offer a 4% commission, so it is possible to shop around.

Skip Repairs and Reparations

It is possible to sell your house as-is. What that means is, you are looking to sell the home without making major repairs on it. It might be that your home is simply outdated, maybe it’s an older home with older features and appliances or there has been some damage done to the house. Upgrades to older homes take time and money to complete, so it will mean you will have to reduce the selling price or wait sometime before repairs can be completed. Selling the house as is also means you are likely to deal with investors that want to buy the property and are not willing to make any good offers.

Cut the Closing Costs

Other costs arise when selling a home through realtors. Closing costs can cause a big dent in your pocket. Some additional costs that come when transferring a home include:

Title policy and insurance
Attorney fees
Property and transfer taxes
HOA fees
Escrow costs
Brokerage fees

These are all expenses that will eat away at your possible profits. At the same time, typical closing costs won’t happen until the buyer has had time to inspect the house, and maybe they will like to order an inspection on it. All of this can extend the process to 30 days or more.

Selling With a Cash Buyer and Avoiding the Hassle

What we do here at El Paso Cash Home Buyers is just that: help the homeowner reduce costs and eliminate the headache and back and forth involved in a traditional sale. The process with us is easy:

Call us up
We view the house
We make an offer
You decide

There is no obligation in taking an offer or calling us. Our underwriting team here will work out a fair price based on market conditions, similar properties, and the specific condition of the home. This way, the repairs, and renovations are not necessary. You don’t have to worry about curb appeal or cleaning up the yard or fixing that leaky toilet. We take care of that.

If you are looking to sell your home in El Paso. Call El Paso Cash Home Buyers today and learn more about what we can do for you.

How A Crisis Might Impact the Housing Market in 2020

Posted on March 26, 2020 by El Paso Cash Home Buyers

Anytime there is a change in the economy, the housing market reflects that change. So much of the housing market depends on externalities and what happens to the world and the nation’s economy. As of March of 2020, the economy suffered a particularly hard blow when the coronavirus was deemed a global pandemic and brought the U.S economy to a halt. So many homeowners that were thinking about putting their house on the market may now be experiencing some uncertainty. The whole world is experiencing uncertainty when it comes to the markets and the foreseeable future in the economy. We thought we’d look at some important things to remember about cash home buyers and how we might be able to help in these times of economic uncertainty. So we thought we’d take a look at some foreseeable changes and how selling your home for cash might be an option.

There is certainly a decline in confidence due to the uncertainty of the economy. Everything is bringing an abundance of caution, especially large financial transactions like home purchases and sales.

The virus crisis is not expected to last long. The experts say that unlike the subprime mortgage crisis of 2008, this is more of a temporary downfall due to the slowdown of the economy. So even if there is some current uncertainty, it is not likely to last long. We should stay optimistic for the end of the year, as the economy will likely pick up then.

On the demand side, the data shows that there will be buyers in the market, as the curve starts to slow down and consumer confidence picks up. In the early part of March, there was some decline in buyer interest and yet investors seem to be scooping up some good properties. This means that while some might tell you it’s the wrong time to sell, you actually might benefit from putting your house on the market.

Advantages to Selling Your Home for Cash

There are a couple of upsides to selling your house for cash, even when you might be unsure:

The sale is more unlikely to fall through. Unlike going through a conventional sale and loan, if you are selling your home for cash, the sale is less likely to fall through.
Closing is much faster. These transactions happen quickly and there is no wait of 40 or more days before closing and inspections and all of that. As the saying goes, cash is king when it comes to real estate deals.
Cash sales are ‘as is.’ If you’re trying to avoid making costly repairs on your home or need to make the sale quickly, the cash option allows you to make that sale without having to invest time and money on a repair or renovation.
Liberates you of Renovation costs. When homeowners look for a home, they often want to see recent renovations or maybe updated features of the home. With a cash offer, you can avoid these renovation costs and free yourself up from having to consider changes to the bathroom or living room.

So while you are hearing a lot of talk about the uncertainty of the market, one good thing to focus on is the fact that it is likely to be temporary.

Many homeowners worry about the right time to sell their home. This is a common worry and especially when there is uncertainty in the air. If you wait too long, you might end up getting less for your home or a foreclosure, sell it impulsively and you might miss the upswing after a downturn in the economy. If your home is already needing repairs, then you might end up losing more value as those repairs accumulate.

So is it a Right Time for You To Sell?

This is a common question, so let’s look at a few things that might indicate this.

Making the payments every month feels like a painful stretch.
You are feeling overwhelmed with financial uncertainty.
You are feeling overwhelmed with the many repairs you might have to make.
You’re ready to move and are not wanting to wait the time for repairs and/or a traditional loan.

Sell Your Home Quickly With El Paso Cash Homebuyers

Here at El Paso Cash Homebuyers, we want homeowners to stay calm throughout all of this. We are here to answer your questions about selling your home and help you through the decision.

3 Reasons to Sell Your Home Before 2019 is Over

Posted on June 18, 2019June 18, 2019 by El Paso Cash Home Buyers

On the fence about selling your home? By no means is this an easy decision but if you have goals to be free of a mortgage you can longer afford and want a fresh start, then it’s time to sell.

With a healthy national market on your side and El Paso’s favorable real estate growth, 2019 is proving to be the best year to sell. Here’s why:

1. New Buyers Continue to Enter the Market

El Paso is seeing a wealth of real estate growth. Unlike other major cities, this growth is attracting buyers from all vantage points. Whether it’s the young professional who wants a starter home in an established neighborhood or a retired couple who is looking for a smaller home since they’re now “empty nesters”, there are various types of buyers out there.

How does this all affect you? Selling your home for a cash home this year will guarantee that you receive the highest cash offer possible. When the odds of reselling your home are higher, the cash offer will be higher. Compared with previous years, in 2019 homes are sitting on the market less time because of the influx of buyers.

2. Interest Rates Are Still Attractive

While we are still seeing relatively good interest rates, those rates may take a leap next year. According to John Pataky, a chief consumer and commercial banking executive at TIAA Bank interest rates are expected to rise.

In a 2012 U.S. News article, Pataky was quoted as saying, “We do expect over the next 12 months that mortgage rates will continue to drift higher.”

So if you’re looking to sell your home and move into a new one, you’ll want to act sooner rather than later in order to get the best interest rate possible.

3. There’s No Telling What 2020 Will Bring

We’re halfway through the year, El Paso. Before we know it, 2020 will be here. If there are things currently preventing you from reaching your goals, it’s time to do something about them. Financial goals are something we all deal with. Whether your 2019 resolution was to be debt free or to rid yourself of your bad spending habits, it’s never too late to start working towards your goals. However, there’s no telling what 2020 will bring. With a favorable real estate market, you’d be a better position to sell this year.

Sell Your Home for a Competitive Cash Offer Today

Now that you know the odds are in your favor, it’s time to act. The best part is—you don’t have to do much! When you sell your home to El Paso Cash Home Buyers, we’ll present you with a cash offer for your home as is. We don’t require any home improvements or repairs before our walk-through. Once we do a market analysis on your home, which is a free Comparative Market Analysis (CMA) that examines your home’s value as well as how it measures against the competition, we’ll give you a cash offer. Then, the ball will be in your court!

Since we’re competitive, we’ll give you the opportunity to scope out other legitimate buyers and see if they’re able to match or beat our offer. If we’re not able to match it, we will give you $500.

Don’t delay getting the help you need today. Give us a call: (915) 229-8974

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

Posted on April 23, 2019April 23, 2019 by El Paso Cash Home Buyers

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.

CALL NOW to get your CASH OFFER! 915-229-8974

Investors Buy Homes in Their Original Condition

Investors Buy Homes in All Kinds of Neighborhoods

Investors Don’t Have to Relist

Investors Pay in Cash

Investors Don’t Rely on Market Value

Investors Don’t Charge Any Fees