Tag: cash home buyers

10 Best Ways To Increase Your El Paso Home Value

Posted on by El Paso Cash Home Buyers

 

With all the time we have been able to spend in our homes in the past two years, many homeowners have taken several measures to increase home value. Now, homeowners are taking to the housing market to see what their houses can be sold for.

Whatever goals you have with your home, finishing some repairs and improvements can help you along the way. There are many projects, big and small, you can add to your checklist when sorting through your plans for your home. 

El Paso Cash Home Buyers will buy your home as-is so you can reap the rewards without worrying about the details. Give us a call today to learn more!

Clean and Declutter 

One of the most effective ways in increasing home value is by simply giving your home the declutter it deserves. No one is attracted to a cluttered, disorganized home. The more organized your home is, the more space you get to show off to potential buyers. Decluttering and cleaning make it easier to accomplish other tasks when looking to boost home value!

Add Energy-Efficient Features

There are many cost-efficient ways you can make your home an energy-efficient space including: 

  • Installing a smart thermostat
  • Replace old windows
  • Add new insulation to your home
  • Replace old appliances with energy-efficient appliances 

More and more people are looking for ways they can cut down on bills and other home costs. Implementing these features helps you earn more in the end. 

Get Maintenance and Repairs Done

You know all those home improvement tasks you’ve been holding off for so long? Now is probably the right time for you to get started on them. No one wants to move into a new home with maintenance and repairs to already take care of. Whether it’s a faulty HVAC unit or issues with your plumbing, the best advice our real estate professionals can give is to get started on them ASAP.

Add Usable Square Footage to Maximize Space 

Open space makes a home feel comfortable and larger than it really is. If you have some ideas on how to expand your home don’t be afraid to put them into action! You can expand your home by adding office spaces, a game room, or even an extra bedroom or bathroom to accommodate your guests or family members!

Clean Up Your Patio and Front Yard 

A few simple chores can get your patio and front yard looking as good as new. Some tasks to take care of when cleaning up your yard should include: 

  • Mowing the lawn
  • Cleaning the patio deck of dirt, grime, mold, and mildew
  • Trimming trees, bushes, flower beds 

If you want to add more character to your yard, you can look into adding some stone planters, shrubs, mulching, and a walkway. These simple touches can go a long way in creating a luxurious and high-end look!

Fix Broken Light Fixtures 

Even something as simple as broken light fixtures can throw off your home’s value. It is best to fix both outdoor and indoor light fixtures. If the issues lie in your electrical system, get in touch with an electrician right away to schedule repairs. You should always leave major electrical work to a professional. 

Throw in Fresh Paint 

Repainting your home plays a major role in staging your home. If you do decide to repaint your home, you can rent furniture to top off the look! Remember, you are styling to make your home value go up, so you need to consider everyone’s styles. With that in mind, it is recommended to throw in a little bit of every style to appeal to all kinds of customers!

Upgrade Exterior Doors 

Replacing old doors can also work wonders in boosting your curb appeal. After all, the front of your home is the first impression you make on neighbors and prospective buyers. Even your front door is enough to say what kind of homeowner you are and how you care for your home. You could even upgrade your garage door to dramatically improve your home’s appearance!

Give Your Kitchen Small Updates 

The kitchen is one of the most utilized rooms in every home. If your kitchen needs some sprucing, there are many tasks to get to work on. 

You can:

  • Add new countertops
  • Install a backsplash 
  • Paint your cabinets
  • Install a new sink

A minor kitchen remodeling project can have a great impact on your home’s value. 

Add Finishing Touches to Pending Projects 

Do you have a room in your home that was never completed? Maybe you need to add some drywall or add new flooring or carpet. Whatever the case may be, now is the perfect time to finish these projects. An unfinished space can hurt your home value. Whatever you have pending, make some time in your schedule to get these projects done. 

Sell Your Home Fast with Our Professionals 

When choosing our cash home buyers, we will help you sell and get your home off your hands right away. Give us a call at (915) 229-8974 to learn more about how you can get started. 

How A Crisis Might Impact the Housing Market in 2020

Posted on 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.

  1. Making the payments every month feels like a painful stretch.
  2. You are feeling overwhelmed with financial uncertainty.
  3. You are feeling overwhelmed with the many repairs you might have to make.
  4. 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.

Why A Looming Recession May Mean Its Time To Sell

Posted on by El Paso Cash Home Buyers

A man stands atop a red line and tries to predict a future recession

With many economists and experts predicted a recession soon, many home sellers are wondering if now is the time to sell their home. It can be intimidating to think about, but many economic signals indicate that it could be a serious possibility in the next year to year and a half. If you’re on the fence about selling your home, here are a few factors to take into consideration.

What type of home do you own?

A recent study by the real estate brokerage group Redfin recently conducted a study to determine which homes were most likely to lose value in a recession. The conclusion was that condos and townhomes lose the most value overall, while single-family and two-story homes generally kept the most value. If you have a condo or townhome, your best financial option may be to sell quickly, before a recession torpedoes the value of your home.

What’s your current financial situation like?

If you’re strapped for cash or need to sell your home fast, a cash sale may be the best decision for you. In a recession, the housing market becomes what is known as a buyer’s market. This simply means that buyers have more sway in home buying negotiations since fewer people will be looking to buy a home. In this scenario, getting the value you want for your home will be even more difficult, and you may have to take significantly less money in order to land a sale.

What are your future plans?

People sell homes for a number of reasons. It may be their livelihood, or it could be a home they inherited from a loved one. A new job opportunity can also mean it’s time to sell, so it’s best to closely evaluate your situation before a big decision. If you anticipate a big move in your future, then a quick cash sale may best set you up for success.

El Paso’s Best Cash Buyers

El Paso’s real estate market continues to grow in size and value, and El Paso Cash Home Buyers expands with it. If you’re looking for the most cash return for your home, contact us to have money in your hand in as little as seven days!

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.    

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!

Find a Home Buying Company for Your House

Posted on by El Paso Cash Home Buyers

Estate agent shaking hands with customer after contract signatureNeeding to sell your home quickly can be difficult in El Paso. Besides listing a home for sale, you also have to go through a waiting period, then possibly negotiate prices. All of this has be done before the home can be transferred, and then you have to worry about closing costs. All told, selling a home can sometime take up to a year or more. You can avoid having to wait so long when you go through a home buying company. El Paso Cash Home Buyers can help you sell your home fast and easily.

Home Buying Company Will Purchase in Any Condition

One of the great things about a home buying company is that they will purchase a home in any condition. This means that you will probably not have to fix up your home in order to get it ready to sell. Any condition is any condition, regardless if the house is in pristine order or missing part of a wall. A home buying company can and often will still make an offer. This can help you unload a property you can no longer manage or maintain, or help you get ready to move cities. For families in the military, you may not have the time needed properly lease or sell a home before deployment. This is where a home buying company can help you. They are not only able to speed up the process, but you also know that you have a guaranteed sale. Unlike advertising and negotiating as a regular sale would do, they will purchase your home quicker, which lets you prepare for deployment faster.  

Get Out of a Bad Situation Quickly

One the many uses of a home buying company is to help people get out a bad situation. No one intends to default on a mortgage, but it is an all too real possibility in today’s economy. Loss of a job, or stable income can be one of the factors that may lead a homeowner down a slippery slope of debt and default. Using a home buying company can help ease the financial burden on a household. Or, perhaps you bought a home only to discover serious plumbing or structure issues. Sometimes it is better to weight the costs and just cut your losses. Knowing that there is someone who buy the home, regardless of its condition can help you get your family out a bad housing situation quickly.  

Contact Us Today

If you find yourself in need of unloading a property quickly, then consider finding a home buying company. El Paso Cash Home Buyers has helped many people in El Paso get out a bad situation or get rid of property they can no longer manage. They have the know-how and cash you need to sell your home quickly.