Real estate market tips with 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.

This is where the groundwork is laid for the search for your new home. There are several points you should cover in your initial consultation. For example: Define your needs; the number of bedrooms and bathrooms, size of the kitchen, where you want to live, your price range, timeline, etc. Determine when and how often you can look at prospective homes. Verify your contact information and how you want to be contacted (email, phone, etc.) Ask your agent about financing. They can explain the different types of available loan programs, and refer you to lenders that can answer specific questions. Review the paperwork. While not necessary at this point, reviewing paperwork will allow you the advantage to ask questions about documents before it’s time to sign them.

Being careless with credit. Lenders pull credit reports at preapproval to make sure things check out and again just before closing. They want to make sure nothing has changed in your financial picture. How this affects you: Any new loans or credit card accounts on your credit report can jeopardize the closing and final loan approval. Buyers, especially first-timers, often learn this lesson the hard way. What to do instead: Keep the status quo in your finances from preapproval to closing. Don’t open new credit cards, close existing accounts, take out new loans or make large purchases on existing credit accounts in the months leading up to applying for a mortgage through closing day. Pay down your existing balances to below 30 percent of your available credit limit, and pay your bills on time and in full every month.

Before you start showing your home, make sure that you do everything you can to make it look immaculate to include a thorough cleaning in addition to any repairs that are needed. This is where a good real estate agent in Germany comes into play because you can work with your agent to know about the type of sale, condition, and price of other homes for sale in your area. You should understand that buyers will look at your home and compare them with these other homes for sale. Making a real-time comparison with them will ensure that the condition of your home is up to par. You will also be able to make a few adjustments so that any comparison will come out in your favor. Read additional info at Sam Trimble.