Real estate market guides by Sam Trimble? A native of El Paso Texas, Sam attended the University of Texas at El Paso, graduating with honors in 2007. Upon graduating from UTEP, Sam entered the world of real estate where he has since focused in various areas gathering a well respected knowledge on many aspects of the industry including title & escrow, residential, commercial and industrial real estate and various others areas of the field. Sam has become a well regarded authority on marketing, digital advertising, social media strategy and technology. He has spoken throughout the state of Texas, around the country and south of the border to sold out audiences on topics varying from leveraging social media to grow business to regulatory impacts of Dodd-Frank on the mortgage and larger real estate industry.
Whether brainstorming with a group of 5 people or speaking to a crowd of 3000, Sam brings the same energy, passion and motivation that has helped propel him from “new kid on the block” to “industry expert.” Sam serves on various charitable and civic boards including the Rotary Club of El Paso, The El Paso City Plan Commission and the El Paso Central Appraisal District. Sam Trimble is a real estate expert in El Paso. Start Investing: Investing is one of the best ways to increase your net worth, but a lot of people stay away from it because they’re scared of losing money. So instead of investing, they keep their money in a savings account. That’s great, and you should have some money in a savings account for emergencies, but the truth is: Money in a savings account loses value over time. See, the average savings account has a very tiny 0.06% APY (annual percentage yield), while inflation is around 1.7%. That means that each year, the money you have in a savings account is going to have less and less buying power. So, what can you invest in to stay ahead of inflation? Here are some options: Real estate, Peer-to-peer lending, Exchange traded funds (ETFs), Stocks.
This should be a necessity for anyone who is buying real estate. You don’t want to buy a home that has a crack in the foundation or needs a new roof. A home inspection can spot these and other things that are wrong with the house, which gives you far more negotiating power, and it gives you a reasonable idea of what to expect in terms of expenses for the future. What type of storage space does the estate have? Is it a luxury home with plenty of space, or is it going to be a tight squeeze when you move all of your stuff in? This is important as you begin your home search, you want to set proper expectations for how much room you’ll really need.
Once you select a lender, you should speak with a loan officer as quickly as possible. At this point, there is one thing you should know. Pre-qualifying means absolutely nothing. All pre-qualifying does is determine the amount of the loan you could qualify for based on factors such as your credit, salary, etc. It does not guarantee that a lender will actually loan you the money. It’s more important to get PRE-APPROVED. Pre-approval means that your application has been submitted to a lender who is willing to extend you a specific loan amount, pending a property and appraisal. Being pre-approved lets you know that you won’t be denied for a loan, and it also provides you with leverage to negotiate the purchase price of a home with the seller.
Moving too fast. Buying a home can be complex, particularly when you get into the weeds of the mortgage process. Rushing the process can cost you later on, says Nick Bush, a Realtor with TowerHill Realty in Rockville, Maryland. “The biggest mistake that I see (first-time buyers make) is to not plan far enough ahead for their purchase,” Bush says. How this affects you: Rushing the process means you might be unable to save enough for a down payment and closing costs, address items on your credit report or make informed decisions. What to do instead: Map out your home-buying timeline at least a year in advance. Keep in mind it can take months — even years — to repair poor credit and save enough for a sizable down payment. Work on boosting your credit score, paying down debt and saving more money to put you in a stronger position to get preapproved.
One way to kill a sale immediately is to have a potential buyer walk into your home only to be welcomed by the smell of a strong pet odor or your pet itself. No matter how adorable your pet is, do not assume that everyone is a pet lover and some people may even be allergic to them. You should also be extra vigilant about any pet odors by having your rugs steam cleaned in addition to vacuuming and washing surfaces. There should be no evidence of any pets in the home. Make sure to remove any bowls full of dog food, kitty litter boxes, doggy bones, or pet toys. Before scheduling a tour, you may want to take your pet to a friend’s house or rent out a pet hotel for the day. Find extra details on Sam Trimble El Paso.