Markets in a minute…

By peperoyo,

Hello everyone,
Courtesy of City Bank, here is a weekly report with the market information; “Markets in a minute” is relevant information that may help you in your decision making while deciding to get a mortgage or refinance.
Please take a minute to check it out, now is good time to make an investment in Real Estate as the rates are at an all time low. Call us if you want to discuss the market, we are here to help.
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  Filed under: Market Trends, Resources - English - Casa Royo
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Office Market Faces Months of Further Uncertainty From Coronavirus

By peperoyo,

Tenants Consider Options With Employees Not Set to Return to Workplaces Until Mid-Year

Look at the vide here

CoStar News

The U.S. office market is awash in uncertainty entering 2021, as tenants mull their strategies in the pandemic and monitor the progress of Americans in getting vaccinated, according to a CoStar analysis.

“Though we received positive news regarding vaccines during the fourth quarter, it will take several months for widespread distribution and acceptance by the public,” Michael Roessle, director of U.S. office analytics for CoStar, said in his analysis of the past year and scenarios for the coming months. “As such, many firms have delayed a return to the office until mid-2021 or later and were in no hurry to sign leases before year-end.”

The bottom line is “the U.S. office sector will likely see a continuation of late-2020 trends in the near term,” according to Roessle.

The COVID-19 outbreak on many fronts, including leasing and investment, wreaked more havoc on the office market than the Great Recession and its immediate aftermath, Roessle said. For example, leasing velocity totaled 270 million square feet for the year, a 40% drop from 2019 and nearly 15% lower than the bottom of the financial crisis in 2009, according to Roessle. During that time roughly a decade ago, some companies locked in early renewals at low rents or moved to higher-quality space.

“This time, tenants largely opted to hit pause unless faced with an immediate lease expiration, and then many opted to kick the can down the road with a short-term renewal,” Roessle said. “Many tenants are still evaluating the cost savings versus culture-erosion dynamic brought about by the largely successful work-from-home experiment. Few have been willing to spend capital on major redesigns of their office space, as there still isn’t full clarity as to whether the layouts and designs necessary today will be necessary and still functional in 12, 24 or 36 months.”

While there were a number of large office leases signed last year, “demand recorded a second straight quarter of losses surpassing 30 million square feet in the fourth quarter, pushing the annual loss past 75 million square feet,” according to Roessle.

“This met with about 45 million square feet of deliveries to push the vacancy rate past 11% for the first time since 2015, when vacancy was trending steadily downward following the Great Recession,” he said.

 

We hope you find this information useful, if you or someone you know needs advice on Commercial Real Estate, please contact us , we are here to help.

PPR Real Estate Investment Services

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  Filed under: Commercial Real Estate, Commercial Real Estate News
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Markets in a minute

By peperoyo,

Hello everyone,

Courtesy of City Bank, here is a weekly report with the market information; “Markets in a minute” is relevant information that may help you in your decision making while deciding to get a mortgage or refinance.

Please take a minute to check it out, now is good time to make an investment in Real Estate as the rates are at an all time low. Call us if you want to discuss the market, we are here to help.

Click here to see the video

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  Filed under: Buying Advice
  Comments: None


Now is the time to sell or buy a home in El Paso!

By peperoyo,

Hello all, I hope this post finds you well.

We want to share some interesting information with you. December was a good month for El Paso Real Estate Market we sold 15.7% more homes than the last month, and 25.8% more compared to the same month last year.

The good news is that the market maintains a growth trend. The sale price of the properties is also growing, 7.5% more compared to December, 2019. This can be explained by the low inventory, the intense demand and the current low interest rates as low as 2.5% (30 year fixed).

According to some industry sources, rates are expected to rise modestly in 2021. The combination of rising mortgage rates and increasing home prices due to shortage of inventory will accelerate the decline in affordability and further squeeze potential home buyers during the spring home sales season.

So if you or someone you know is considering buying a home in El Paso, it’s better to get in on the action fast before the springtime. It’s tough out there to buy, but might as well get on with it.

But on the other hand, if you want to sell and you have a plan B of where to live, then you are in a good spot to sell your house faster than normal and get top dollar (appraisers allowing).

So let us know which direction you or a loved one desires to take, we can help.

In the meantime, check out the current El Paso Real Estate market statistics:

Click here for more information

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We hope you find this information helpful, stay safe!

PPR Real Estate Team!

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  Filed under: Buying Advice
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¿Por qué comprar una casa en lugar de rentar?

By peperoyo,

¿Por qué comprar una casa en lugar de rentar?
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Si ya has tenido la experiencia, puede ser que estes cansado de alquilar. Si sientes que tiras tu dinero cada mes cuando pagas el alquiler, o sientes que el espacio ya note alcanza. Tal vez  planeas casarte y ahora buscas una casa para formar tu hogar. Tal vez  quieres comprar una casa y convertirla en un inmueble de inversión. Por ejemplo, puedes decidir comprar una casa y luego alquilarla a otras personas.

Ser propietario de una casa es una inversión. Puedes deducir el costo del interés del préstamo de hipoteca de tus impuestos federales  y generalmente de tus impuestos sobre la renta del estado, en su caso. Esto te ahorrará un poco de dinero cada año puesto que la mayoría de tus pagos mensuales de la casa es para el interés. Además, también puedes deducir los impuestos a la propiedad que pagas como propietario. El valor de tu casa puede aumentar con los años, lo que significa que si alguna vez decides vender, podrías obtener un beneficio. Ser propietario de una casa también te permite disfrutar de algo que te pertenece, un lugar donde puedes expresar y compartir tu estilo personal. Por supuesto, esto significa que tú eres responsable de la propiedad y el mantenimiento.

Al comprar una casa, hay cierta documentación requerida, especialmente si  tienes que obtener un préstamo. En primer lugar, necesitarás tu número de seguro social. En segundo lugar, tendrás que mostrar copias de tus cuentas de cheques y de ahorros de los últimos seis meses. En tercer lugar, tendrás que revelar tus activos, como acciones y bonos. En cuarto lugar, necesitarás mostrar un comprobante de ingresos que demuestre tus ganancias. En quinto lugar,  necesitarás una lista de todas tus cuentas de tarjeta de crédito y el monto mensual que debe en cada tarjeta. En sexto lugar, necesitarás mostrar una lista de cuenta de números y saldos por préstamos excepcionales, tales como un préstamo de coche. Séptimo, tendrás que mostrar copia de tu declaración federal de impuestos durante los últimos dos años. En octavo lugar, necesitarás proporcionar el nombre y la dirección de alguien que pueda verificar tu empleo. Tu prestamista puede solicitar información adicional.

Comprar una casa es una inversión importante, no dudes en buscar la ayuda de un agente de bienes raíces. Una inmobiliaria es miembro de la Asociación Nacional de REALTORS, y él o ella se adhiere a un estricto código de ética. Esta persona te ayudará a través de todo el proceso de comprar una casa, incluyendo encontrar un prestamista calificado, negociar un acuerdo y cierre de la casa. Un agente de bienes raíces también responderá a dos preguntas importantes: “Esta propiedad proporciona el entorno que desee para un hogar o una inversión?” y “Esta propiedad tendrá valor de reventa cuando esté listo para vender?”

Esperamos que esta información te sea útil, si estas listo para comprar una casa, llámanos estamos para ayudarte.

PPR Real Estate Services

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  Filed under: Casa Royo - Bienes Raices Residenciales, Recomendaciones para la compra
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How to Prepare to Buy a Home

By peperoyo,

house for saleAre you ready to buy a Home but you don’t know where to star? Follow this steps:

Talk to mortgage brokers.
Many first-time home buyers don’t take the time to get prequalified. They also often don’t take the time to shop around to find the best mortgage for their particular situation. It’s important to ask plenty of questions and make sure you understand the home loan process completely.

Be ready to move.
This is especially true in markets with a low inventory of homes for sale. It’s very common for home buyers to miss out on the first home they wish to purchase because they don’t act quickly enough. By the time they’ve made their decision, they may find that someone else has already purchased the house.

Find a trusted partner.
It’s absolutely vital that you find a real estate professional who understands your goals and who is ready and able to guide you through the home buying process.

Make a good offer.
Remember that your offer is very unlikely to be the only one on the table. Do what you can to ensure it’s appealing to a seller.

Factor maintenance and repair costs into your buying budget.
Even brand-new homes will require some work. Don’t leave yourself short and let your home deteriorate.

Think ahead.
It’s easy to get wrapped up in your present needs, but you should also think about reselling the home before you buy. The average first-time buyer expects to stay in a home for around 10 years, according to the National Association of REALTORS®’ 2013 Profile of Home Buyers and Sellers.

Develop your home/neighborhood wish list.
Prioritize these items from most important to least.

Select where you want to live. Compile a list of three or four neighborhoods you’d like to live in, taking into account nearby schools, recreational facilities, area expansion plans, and safety.

We hope this helps!

PPR Real Estate Services

 

 

 

  Filed under: Buying Advice
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Office Space for Lease!

By peperoyo,

FOR LEASE

Professional Office Building located just off Mesa & Castellano. Close to I-10 via Sunland Park Dr or Executive Center.

Features 2 Separate entrances, Elevator, Refrigerated HVAC, ADA compliant facility, 78 total parking spaces, 13 Covered spaces (Optional).

Features:

  • Suite 103 – First Floor
  • 1,572 SqFt
  • 5 Office spaces
  • Front desk
  • Kitchenette
  • Super nice
  • $16.81 SqFt/Year
  • $2,202.11/Monthly

Click here for more information

124 Castellano-75

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HOMESTEAD EXEMTION

By peperoyo,

Hello, I hope that everybody is doing well and staying safe. It is the beginning of the year and I want to take de opportunity to talk to you about Homestead Exemption.

As a homeowner in Texas, you are eligible to apply for a tax break from property taxes on your principal residence called a Homestead Exemption. Homestead Exemptions remove part of your home’s value from taxation, so they lower your taxes. Currently, the homestead exemption for school taxes is $25,000.

You may apply to the appraisal district up to one year after the date you become age 65 or qualify for disability, or up to two years after the taxes are due, whichever is later. If your application is approved, you will receive the exemption for the entire year and for subsequent years as long as you own a qualified homestead.

You may qualify for a homestead exemption if:

  • You owned the property on January 1st.
  • You occupied it as your principal residence on January 1.
  • You or your spouse do not claim a residence homestead exemption on any other property.
  • Have a valid Texas Driver’s License or Texas ID with the property address.

For more information please review the attached document or click on the link below:

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Filing_Homestead_El Paso, tX

 

Casa Royo Team
PPR Real Estate Investment Services

  Filed under: Real Estate Finance, Resources - English - Casa Royo
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El Paso’s Real Estate Market Stays Strong!

By peperoyo,

Hello all, I hope this post finds you well.

We want to share some interesting information with you. Despite Covid-19, the pandemic, and the confinement, the Real Estate Market is truly “El Paso Strong”! Check out the current El Paso Real Estate market statistics:

As you can see, despite the ups and downs, the market maintains a growth trend. A 24.1% increase from the same period last year.

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We hope you find this information helpful, stay safe!

PPR Real Estate Team

  Filed under: Market Trends, Residential Industry News
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State of the Market 2020 – Residential Real Estate

By peperoyo,

Hello all,

I hope you are starting to enjoy the holiday season in good health and with loved ones.

Every year around this time, I get an inside scoop of some Real Estate predictions for next year from Brian Buffini – One of my favorite Real Estate mentors.

BBRealEstateReport_US_2021_Lite

 

Please see main takeaways below as well as the full report attached if this catches your interest.

All in all, we will still see a Seller´s market that is driven by low inventories and super low mortgage rates.

As for buyers, COVID has exposed some the potential downsides of having a small cozy house. They are on the move to bigger and better.

BBRealEstateReport_US_2021_Lite sell

 

BBRealEstateReport_US_2021_Lite buy

 

If you want to Sell or upgrade, now is the time.

I am here to help

PPR

BBRealEstateReport_US_2021_Lite reff

  Filed under: Residential Industry News
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