World Homes Real Estate, LLC

World Homes Real Estate proudly salutes all veterans this Veteran's Day, Nov. 11, 2024. Honoring the brave men and women who have selflessly served in the armed forces to protect our freedoms and way of life.
This day serves as a reminder of the sacrifices made by these courageous individuals and their families, who have endured challenges and hardships in the pursuit of peace and security.
World Homes Real Estate is committed to supporting veterans in their journey to find a place where they can call home, recognizing the importance of stability and community for those who have given so much.
On this day, we extend our heartfelt thanks and appreciation to all veterans for their unwavering dedication and service.

World Homes Real Estate
(915) 892-1400
worldhomes-realestate.com

Despite another rate cut from the Federal Reserve, the housing market may be dealing with elevated mortgage rates for the rest of this year and into 2025.

Get the full details here...
https://www.realestatenews.com/2024/11/07/fed-action-not-enough-to-keep-mortgage-rates-from-surging

World Homes Real Estate
(915) 892-1400
worldhomes-realestate.com

Today's topic: What are the BEST platforms for marketing commercial property?

Posting to commercial real estate listing platforms is often an important part of your overall marketing plan for a commercial property. These platforms reach thousands of potential buyers and tenants. Where and how you post can make a big difference in your transaction.

The major platforms for commercial real estate include CoStar, Catylist, LoopNet, and Crexi. CoStar boasts up to a million lease and sale listings on its site. Catylist runs on the Moody’s Analytics commercial real estate database. LoopNet is marketed as the world’s largest commercial real estate marketing platform. Crexi, short for the Commercial Real Estate Exchange, Inc., offers free listings for a variety of commercial real estate property types. Other smaller platforms include Brevitas, CommercialSearch, PropertyShark, SharpLaunch, and TotalCommercial. There are also platforms provided by local REALTOR® associations and MLS's

Let World Homes Real Estate help you list your commercial property. With a client-focused approach, Deirdre Ferrell-Barrera has the Resale, Commercial Property, and Land Investment knowledge to get the results you need. Call today!

World Homes Real Estate
(915) 892-1400
worldhomes-realestate.com

Today, November 5, 2024 is Election Day. World Homes Real Estate encourages everyone to make their voice heard and vote. No matter what your political views are.

Voting is one of the most powerful ways we can shape our future and make our voices heard. Every vote counts, and when you cast your ballot, you're not just choosing leaders or supporting policies—you’re actively participating in a process that impacts healthcare, education, jobs, the environment, and countless other important issues.

Democracy works best when all voices are represented, and that includes yours. Even if you think your single vote won’t make a difference, history has shown that elections can be decided by a handful of votes. So, take the time to learn about the issues, candidates, and what matters to you. By voting, you’re showing that you care about your community, your values, and the generations to come.

World Homes Real Estate
(915) 892-1400
worldhomes-realestate.com

Home warranty plans are the smart way to go for any home owner. The benefits are there for both the home owner, and when it's time to sell, the potential home buyer.
Home warranties help home buyers protect themselves against unexpected problems and appliance repairs. They might also provide some benefit for the selling agent in cases where a buyer resolves a problem through the home warranty company, rather than bringing a claim against agents from the transaction for issues that occur in the home after the sale.

As we all know, things break in a house all the time. Home warranties help remove the stress of higher repair costs and the anxiety involved of finding quality repair company to fix the problem.

When spending a lot of money on something like a home, why wouldn’t you want a warranty? You’d ask about what warranty a used car has and look into extended warranties if it didn’t have one. A house costs a lot more.

Looking for your dream home? Let World Home Real Estate help you find it! With over 20 years in the El Paso/Las Cruces markets, World Homes Real Estate has the knowledge that can make the whole home buying process so much easier. Call today!

World Homes Real Estate
(915) 892-1400
worldhomes-realestate.com

Pending home sales nationally advanced 7.4% in September 2024, according to the National Association of Realtors.

All four major regions experienced month-over-month gains in transactions. Year-over-year, the Northeast and West registered increases while sales remained steady in the Midwest and South.

NAR Chief Economist, Lawrence Yun foresees slower home price appreciation and corresponding increases in sales.

“After two years of sluggish home sales in 2023 and 2024, existing-home sales are forecasted to rise to 4.47 million in 2025 and more than 5 million in 2026,” Yun said. “During the next two years, expect a slower rate of growth in home prices that’s roughly in line with the consumer price index because of additional supply reaching the market.”

Yun also predicts the median existing-home price on average nationally will rise to $410,700 in 2025 and to $420,000 in 2026. The annual 30-year fixed mortgage rate will slide to 5.9% in 2025 but then move higher to 6.1% in 2026.

The National Association of REALTORS® is America’s largest trade association, representing 1.5 million members involved in all aspects of the residential and commercial real estate industries.

World Homes Real Estate is a proud member of the National Association of Realtors. Call us today for the most current market information and housing availability in El Paso, Tx.

(915) 892-1400
worldhomes-realestate.com

We're just a few days away from HALLOWEEN. Your kids are ready, are you? We're talking about what you need to know to keep your little ones safe on fright night. Here are some things to keep in mind:

1.Plan a route: Choose a well-lit route with few street crossings.
2.Carry a flashlight: A flashlight makes children more visible to drivers and others.
3.Wear reflective tape: Reflective tape on dark costumes helps drivers see children.
4.Stay on sidewalks: Children should only cross the street at crosswalks and stay on the sidewalk.
5.Be mindful of allergies: Read candy labels carefully to avoid triggering allergic reactions.
6.Never enter homes: Children should alert an adult immediately if someone asks them to come inside.
7.Inspect candy: When children return home, inspect their candy to ensure it's safe. Discard candy that is not commercially packaged or has pinholes.
8.Use flame-resistant costumes: Make sure costumes are labeled flame resistant or flame retardant.
9.Teach your kids on how to call 911for help or if they get lost.

All of us at World Homes Real Estate wish you a wonderful and safe Halloween!
(915) 892-1400
worldhomes-realestate.com

Sometimes, real estate agents get called "salespeople" by some of our customers. However, they'd be wrong technically in doing so and we'll tell you why. Did you know that a real estate professional is very different from a standard salesperson?

Real estate agents hold a legal, fiduciary responsibility to their buyer/seller clients. So, what does this mean? Fiduciary applies to any situation in which one person justifiably places confidence and trust in someone else and seeks that person's help or advice in some matter. The attorney-client relationship is a fiduciary one, for example, because the client trusts the attorney to act in the best interest of the client at all times. And this same trust and responsibility goes for the real estate agent/client relationship. A standard salesperson neither holds or is held to that kind of responsibility.

Real Estate agents are state certified, regulated, and are a fiduciary, all in the best service of you the home owner or buyer. So, feel confident that we as real estate professionals are out to make the home buying process as trouble-free and positive as possible for you. Call today and let us get you into your dream home!

World Homes Real Estate
(915) 892-1400
worldhomes-realestate.com

At World Homes Real Estate, we are passionate about helping families and children thrive. Through home ownership, we are helping to create children who are stronger, smarter, and healthier. Take a look at the following statistics from Duke University, American Psychology Foundation, Fannie Mae, and Habitat For Humanity.

Children who are raised in homes that are owned...

Less Behavior Problems-3%
Better English Grades-7%
Better Math Grades-9%
Higher High School Graduation Rate-25%
Overall Health Improved After Moving Into Their Home-74%
More Likely to Graduate College-115%

They are also to be 2x as Likely to Have Post-Secondary Education.

Call World Homes Real Estate today to learn more about home ownership in El Paso.

(915) 892-1400
www.worldhomes-realestate.com

The holiday season is a unique time for the real estate market. Understanding how holidays affect home sales now can guide buyers and sellers in making informed decisions if they decide to enter the market at that time of year.

Selling during the holidays is challenging. The time it takes to sell a house is typically longer during these times. Traditionally, the real estate market slows down during the holiday season. Families focus on festivities, travel and celebrations, reducing their interest in buying or selling homes. However, several factors can influence these trends.

1. Lower inventory: Historically, fewer homes are listed for sale during the holidays. Sellers often prefer to avoid the disruption of showings and open houses during a busy and personal time of year. This reduced inventory means buyers have fewer choices, sometimes leading to more competitive bidding for the available homes.

2. Serious buyers: Those who do look for homes during the holidays tend to be serious buyers, motivated by specific needs such as job relocations, tax benefits, or personal timelines. This can lead to faster transactions as these buyers are often ready to make decisions quickly.

3.Slower market: Overall market activity declines, leading to fewer transactions than at other times of the year. This can be advantageous for buyers seeking to avoid the frenzied pace of the spring and summer markets.

There are both advantages and disadvantages of buying or selling a home during the holidays. Let's start with advantages:

1.Less competition: Fewer buyers mean less competition for homes. This can lead to less competitive bidding situations, giving buyers a better chance of securing their desired property without overpaying.

2.Motivated sellers: Sellers who list during the holidays may be more motivated to close quickly. They might be driven by relocation, financial needs, or other personal reasons, potentially leading to more favorable buyer terms.

3.Year-end tax benefits: Buying a home before the end of the year can offer tax advantages such as deductions for mortgage interest and property taxes, which can be beneficial when filing taxes.

4.Serious Buyers: Holiday buyers are typically serious and ready to move quickly. This can lead to faster transactions with fewer delays.

5.Home Appeal: Homes decorated for the holidays can create a warm, inviting atmosphere that attracts buyers. Festive decorations can help buyers envision themselves celebrating holidays in the home.

And now some of the disadvantages...

1. Limited inventory: Fewer homes on the market may limit choices. Buyers might have to compromise on their preferences or wait until more homes are listed after the holidays.

2. Holiday distractions: Festivities and travel can interfere with the home-buying process. Coordinating viewings, negotiations and other steps with holiday plans can be challenging.

3.Lower foot traffic: Fewer people are actively looking to buy, leading to fewer showings. This can slow down the selling process and require more patience from sellers.

4.Inconvenience: Managing showings during the holidays can disrupt personal plans. Sellers may have to balance holiday celebrations with the demands of selling their home.

5.Market perception: Some buyers may perceive holiday listings as desperate, potentially leading to lower offers. Sellers need to be prepared to negotiate from a perceived position of need.

So the above points, both pro and con are things to consider if you are thinking of buying or selling a home during the upcoming holidays. Using the right mindset, embrace the holidays as a strategic time to buy or sell.

World Homes Real Estate would love to help you either sell or buy this season. With over 20 years of real estate experience, Let World Homes Real Estate guide you in the right direction! Call Today. (915) 892-1400 or visit our website at www.worldhomes-realestate.com

You are starting your loan application for your new home. Obviously, good credit is essential to obtaining the best rates and terms possible for your home mortgage.

There are simple steps you, yourself can take that will ensure your credit stays golden during the loan process. Here are the credit do's and don'ts:

Credit Do's:
* Stay current on payment for all existing accounts.
*Don't stop using your credit card, but use it at a normal rate. This helps to keep up your credit score.

Credit Don'ts:
*Apply for any new credit. This will affect your credit score negatively.
*Avoid maxing out credit cards. Keep balances 30% below your credit limit.
*Close inactive credit card accounts. Again, this affects a credit score negatively.
*Debt consolidation during the loan application process. Definitely avoid it.

Follow the simple guide above and you'll be sure to secure more favorable and stronger credit for your home loan. Looking for more advice on any part of the home buying process? Let World Homes Real Estate be your guide. We have over 20 years of real estate experience behind us. Call today!

World Homes Real Estate
(915) 892-1400
www.worldhomes-realestate.com
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Outdoor kitchens are the hot trend now. Especially with our mild El Paso fall/winter seasons, this outdoor concept is perfect for creating a backyard oasis! Here's what you need to know:

1. Keep in mind the space you have available to work with. This will determine what sort of features and appliances to include, also types of materials that will do best being exposed to the elements Stone countertops or stainless steel? Gas grills are most popular offering convenience and temperature control, making them a perfect option for cooking a lot of food quickly and uniformly. Sometimes gas (or charcoal) are not an option but there are many electric ranges available in a host of beautiful styles.

2.Think natural. Outdoor kitchen trends are favoring natural elements, with a preference for earth tones and natural material. The idea is create a harmonious appearance that blends in with your home’s surroundings.

3.Installing kitchen islands. Kitchen islands can be designed as a valuable storage area, and also serve as a gathering spot to dine on appetizers – and depending on its size full meals as well.

4.Go with Smart Tech. Use the latest technology to make it simple for you to control your appliance settings, cooking times, outdoor lighting, and music, remotely.

Planning an outdoor kitchen for your home adds to its overall value, creates a great way to get together family and friends, and makes you the envy of your neighborhood 😉

Need help in finding a home to host your exciting new outdoor kitchen? Let World Homes Real Estate help. With over 20 years of Real Estate experience, World Homes agent, Deirdre Ferrell-Barrera has the knowledge of buying, selling, and investments in both the United States and Mexico. She is also member of the Greater El Paso Board of Realtors. Call today at (915) 892-1400 and visit our website at www.worldhomes-realestate.com

El Paso temperatures are slowly coming down and fall is officially around the corner. Now is the time for homeowners to get ready and prep their homes for colder months to come. Here's a quick checklist on things to take care of...

1. Make sure gutters and downspouts are free and clear of leaves and debris to prevent clogging and possible water damage to your roof or foundation.

2. Inspect your roof for damaged or missing shingles.

3. Check for cold air entering the house by feeling along windows and doors. Improve energy efficiency by replacing or adding weather-stripping, and repairing or replacing cracked or damaged caulk.

4. Schedule a service/maintenance check on your heating system with a licensed professional. The same with your chimney.

5. Replace the batteries in your carbon monoxide detectors and ensure they work properly as you head into the colder months. Do the same for your smoke detectors, as well.

6. Give your lawn a step up before winter arrives. Begin by raking it. Next, aerate your lawn and apply a fall fertilizer. If necessary, protect temperature sensitive plants from freezing.

7. Store away outdoor furniture and grills.

By getting these tasks done now, you'll save time to enjoy a wonderful fall and winter! Are you looking to upgrade/downgrade your existing home? Let us help you with the next steps!

World Homes Real Estate
(915) 892-1400
www.worldhomes-realestate.com

So, today we ask the big question. Which is better...To rent or to own a home?

Let's use as an example, a home that's $363K to own and the same home renting at a rate of $1937.00/month. Your initial cost for the buying option is $16,335.00. This includes a 3.5% down payment and closing cost. For the renter, initial cost is $5,811.00. This amount includes security deposit and first/last month's rent. Looking now at monthly costs, a home buyer for our example will have a monthly mortgage of $2,418.00. The renter will be paying $1,932.00 each month.

Now here's where it gets really interesting. When you look over the next five years, the cost of buying a home is $12,554.00 LESS than renting a home! How can this be?? Well, with renting a home, your rate of payment will stay constant (It may even increase over time). However, with buying a home you have different factors that benefit you and can even save you money over time. These include factors like home equity, home value appreciation, and tax savings to name a few.

To learn more about home ownership, call us today. We'd love to help!

World Homes Real Estate
(915) 892-1400
www.worldhomes-realestate.com

Today, October 10th, marks World Mental Health Day. All around the world, this day is celebrated for the purpose to promote, educate, and raise awareness of mental health issues. It is also a day for getting people to talk about being healthy mentally and erasing stigmas and prejudices associated with mental illness.

World Homes Real Estate happily notes World Mental Health Day for its importance to every community, including our own!

World Homes Real Estate
(915) 892-1400
www.worldhomes-realestate.com

With the September jobs report unexpectedly strong, and a 4% wage increase, the daily mortgage rate has increased a "half percent". From 6% a few weeks ago to 6.5%. In the long run, stronger employment is great for real-estate. However, in the short-term, rising rates may put a damper on home sales this Fall. For the full story, click the link below to see the original article from The Real Estate News.

https://www.realestatenews.com/2024/10/04/mortgage-rates-jump-following-strong-jobs-report

World Homes Real Estate
(915) 892-1400
www.worldhomes-realestate.com

When it comes to choosing the right mortgage, the decision can often feel overwhelming. Among the most critical choices is whether to go with a Fixed Rate Mortgage (FRM) or an Adjustable Rate Mortgage (ARM). Each option has its own set of advantages and potential drawbacks, and the best choice largely depends on your financial situation, future plans, and risk tolerance.

A Fixed Rate Mortgage offers a stable interest rate for the entire term of the loan, typically 15, 20, or 30 years. This stability means that your monthly mortgage payment remains the same throughout the life of the loan, regardless of changes in market interest rates.

Advantages: Drawbacks:
* Predictable Payments *Higher Initial Rates
*Protection Against Rising Rates *Less Flexibility
*Long-Term Stability

An Adjustable Rate Mortgage, on the other hand, offers an interest rate that is fixed for an initial period (such as 5, 7, or 10 years) and then adjusts periodically based on a specific index or benchmark. For example, a 5/1 ARM has a fixed rate for the first five years, after which the rate adjusts annually.

Advantages:
*Lower Initial Rates
*Potential for Decreasing Rates (depending on the market)
*Short-Term Flexibility

Drawbacks:
*Rate Uncertainty
*Complexity (Understanding Terms)
*Risk of Payment Shock (Rates tied to market volatility)

The final decision between a Fixed Rate Mortgage and an Adjustable Rate Mortgage comes down to your financial situation, goals, and risk tolerance. Whether you opt for the stability of a Fixed Rate Mortgage or the initial savings and potential flexibility of an Adjustable Rate Mortgage, understanding the pros and cons of each can help you make an informed decision that aligns with your long-term financial plans.

World Homes Real Estate
(915) 892-1400
www.worldhomes-realestate.com

The Sunset Heights Tour of Homes is set to take place Saturday, October 5th, 2024 from Noon to 4pm.

Sunset Heights is one of the first planned neighborhoods in the state of Texas; some of the homes on this year’s tour date back to the early 1900’s and may not be handicap accessible. Here is a list of the homes on this year’s Sunset Height Tour of Homes:

*Trost Home: 1013 W. Yandell Dr.
*Kohlberg House: 525 Corto Way
*Mathias House: 607 W. Yandell
*Aronstein House: 628 W. Yandell
*Cohen House: 608 W. Yandell
*Zach White House: 1201 N. Mesa
*Sunset Parlor: 1307 N. Oregon St.

Tickets may be purchased ahead of time or the day of the tour at the Hal Marcus Gallery 1308 N. Oregon St., or at the El Paso County Historical Society at 603 W Yandell Dr. Tickets are $10/Adults and $5/Kids age 10 and under.

Funds raised by the event go to the Sunset Heights Neighborhood Improvement Association used to assist neighborhood residents with their properties, provide neighborhood activities, and maintain the historical integrity of the neighborhood.

The preceding post is made as a community service by World Homes Real Estate and is not officially affiliated with either the event sponsors or the El Paso County Historical Society.

World Homes Real Estate
(915) 892-1400
www.worldhomes-realestate.com