Posts Tagged ‘ El Paso real estate ’

2009 To Be A Good Year?

As 2009 begins, I am cautiously optimistic that it is going to be a good year for real estate sales.  I am encountering a great deal of buyer activity in El Paso, Texas and I get the sense that most people think that it is a good time to buy, with interest rates and home prices at attractive levels.  I am not finding people scared to buy — on the contrary, they seem anxious to buy in this market thinking that they can get a good deal.

Another good thing is that the declining real estate market does not seem to be the main news story every day.  We are now on to new problems — bank and automaker bailouts.  At least it isn’t real estate!

So, what should you do to take advantage of these conditions?

  1. Let everyone know how low interest rates are and that they won’t stay this low for long.  Send out email blast to your mailing list — call your top buyer prospects.
  2. Send out a list of best buys to your buyer prospects. Again by email and also call your top prospects.
  3. Follow up, follow up, and follow up.  This is what really makes the difference between the top Realtors and the rest.  You don’t have to be good at what you do — but you have to be there — when they are ready to buy or sell.  Continually check back with your prospects by both email and phone.  Don’t fall in love with email — a lot of people only follow up by email.  You still need to make a good old fashioned phone call once in a while.
  4. Stay upbeat about the opportunities in this market.  I find that when I have a good positive attitude, it is infectious and good things happen.
  5. Do more with less.  Reevaluate all of your expenses.  If you can do without the item, cut it.  I’m also making more of an effort to reach people by phone.  I would generally try to reach a prospect one time, and if I couldn’t get them, I’d move on to the next — because Continue reading this post
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Posted by: Barry Karch on January 24th, 2009 under Best Practices

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El Paso, Texas Real Estate Market Update

The supply of homes on the market in the El Paso area has grown to 12 months. We normally have a 7-8 month supply of homes in El Paso.

Texas home prices are still holding, however. We have experienced a 5% increase in prices so far this year.

Currently we have 5,184 El Paso home listings, whereas a year ago at this time we had about 3,200 listings. Home buyers looking in the El Paso market are getting a good deal, but sellers are having a hard time getting the home value they want.

It’s hard to say where the real estate market in El Paso will look by the end of the year.

For further information, please contact Barry Karch, Prudential BKB, REALTORS, El Paso, TX, 915-549-4663 or 800-963-1909, www.HomesForSaleInElPasoTexas.com

For more regional updates, click here.

Click to learn more about El Paso Real Estate and El Paso home prices.

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Posted by: Barry Karch on July 12th, 2008 under Regional

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Ignorance Is Bliss

I’ve been hearing so much bad news about the real estate market every day – it’s on TV, the radio, the newspaper – everywhere you look.

Naturally, since we’re in the real estate business, we’re very sensitive to any news on our profession. Whenever I hear real estate mentioned, my ears prick up.

Well, I’ve decided to do something about the bad news – I’m ignoring it. I don’t pay any attention to the real estate stories any more. I’m tired of hearing of all of the trouble in the real estate market. Instead, I’m maintaining a positive attitude and going about business as usual – assuming that the real estate market is great – and guess what? BUSINESS IS GREAT!

There are lots of people who want to buy homes and I’ve found out that most of them don’t listen to the news in the first place. They have no idea what the real estate market is like. All that they know is that they want to buy a house – and I want to help them.

Why don’t you join me. Put down the newspaper, think about all of the successes that you’ve had in the past, and with that positive attitude, go out there and create some more success stories. Continue reading this post

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Posted by: Barry Karch on November 8th, 2007 under Market Trends

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