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Local Real Estate Market
Welcome > Local Info > Local Real Estate Market ...

 

The real estate market in El Paso, TX and Santa Teresa NM is not bad right now, they are just taking a little longer to sell. 

We are seeing many sellers offering some help with closing costs in order to be competitve with the large number of choices that a buyer has right now. 

If the home is priced correctly from the beginning, homes are selling around 97-98% list price to sales price ratio. Make sure your agent does a good market analysis on any home that you are prepared to make an offer on or one you want to sell. 

Ask them about market trends for the local economy, do not listen to the national news-our market is not like the ones in CA or Florida, we are in El Paso and our market is completley different--just like the weather! 

Which neighborhoods offer the best values? It's our job to help! Ask us any question, There's no obligation, and we promise to respond quickly... 

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Real Estate Tips
Self Employed >Moving And Taxes

Even with the changes in tax laws over recent years, you may be able to deduct some of the expenses of a move that is the result of a change in your job.

You will probably be able to deduct the costs of your move if your new work location means more than an additional 50-mile commute, if you move within a year of taking the job at the new location, and if you work full-time for at least 39 weeks (the total is 78 weeks if you are self-employed). You should keep meticulous records of all of your expenses and consult a tax expert to make sure that you take all the lawful tax deductions allowed by the IRS criteria for expenses related to selling your old home or buying your new one. The IRS publication No. 521 entitled "Tax Information on Moving Expenses" makes good reading before you make a move.

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Real Estate Trivia
Q 
Where is the world's oldest castle located?

A 
The castle at Gomdan, Yemon, dating from before A.D. 100, is considered the oldest castle; it originally had 20 stories.
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Dan Olivas & Associates, REALTOR®, real estate agent and broker for El Paso, TX and Santa Teresa, NM, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Dan & Patti Olivas
Dan Olivas & Associates

240 Thunderbird, Suite D
El Paso, TX 79912
Office: 915-584-5430
Fax: 915-584-1971
Cell: 915-241-0087
dpolivas@swbell.net

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