November 20, 2008
“But what if mortgage rates drop next month…”, “I’d hate to pay too much for a home”, “I want to buy at the absolute bottom of the market…not a penny more!” “What if I buy now and then price go down again – I’ll be upside down within a few months!”
It’s human nature to want the best deal – the nicest house for your money – the lowest possible interest rate. But while caution may be good in choosing which stocks have good investment potential, many people lose sight of the fact that the primary reason for buying a home is to provide shelter for you and your family. Yes, I know that many have speculated in real estate over the last few years and cashed in on the escalating home prices. But those days are not these days.
Today your main motivation should be to find the best fit for your budget and your family. Does it really matter whether you pay 5% or 4% for a mortgage if you find a home that fits nicely into your conservative financial plan? Isn’t it more important to have a space for your daughter to practice the piano away from the noisy den than to have a cheap house with a floor plan that’s all wrong? Or wouldn’t you enjoy a beautiful shade tree in the back yard where you can hang a hammock more than a great deal on a home right next to a busy road?
Yes, there will be buyers who will buy at the lowest prices of the century and get a low mortgage too. But will they have the luxury of picking out a home that fits their needs, that nurtures their soul? Will they find a home that makes them go “Aaaaaah!” at the end of the day as they walk through the front door? Or will they merely use the space as a functional place to lay their head.
If you look to what makes a house a home, you’ll find that the grass is just as green, if not greener in a home chosen for love rather than money!
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Local Information for El Paso, TX
Latitude: 31.790208 -- Longitude: -106.423242
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ZIP Codes for El Paso, Texas
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79901 
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Area Code for El Paso, Texas
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915
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Time zone for El Paso, Texas
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MST
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Other Area Cities:
El Paso, TX
Socorro, TX
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El Paso is the county seat of El Paso County in the U.S. state of Texas. According to the 2005 U.S. Census population estimates, the city had a population of 598,590, making it the sixth-largest city in Texas and the 21st-largest city in the United States. El Paso is second only to San Diego, California in size among all U.S. cities on the U.S.-Mexico border. Ciudad Juárez, Chihuahua lies opposite of the Rio Grande (Rio Bravo del Norte)—which separates the two cities—forming a bi-national metropolitan area of 2,280,782, making it the second-largest bi-national metropolitan area on the U.S.–Mexico border.
El Paso is home to the University of Texas at El Paso (founded in 1914 as The Texas State School of Mines and Metallurgy and receiving university status 1967). Fort Bliss, a major United States Army installation, lies to the east and northeast of the city, extending north up to the White Sands Missile Range. -- Source: Wikipedia.com
Texas 2000 Census Population Profile Map
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El Paso |
Texas |
United States |
|---|
| Population |
563,662 |
20,851,820 |
281,421,906 |
|---|
| Median age |
31.1 |
32.3 |
35.3 |
|---|
| Median age for Male |
29.4 |
31.3 |
34 |
|---|
| Median age for Female |
32.8 |
33.4 |
36.5 |
|---|
| Households |
182,063 |
7,393,354 |
105,480,101 |
|---|
| Household population |
558,533 |
20,290,711 |
273,643,273 |
|---|
| Average household size |
3.07 |
2.74 |
2.59 |
|---|
| Families |
141,071 |
5,247,794 |
71,787,347 |
|---|
| Average family size |
3.54 |
3.28 |
3.14 |
|---|
| Housing units |
193,663 |
8,157,575 |
115,904,641 |
|---|
| Occupied units |
182,063 |
7,393,354 |
105,480,101 |
|---|
| Vacant units |
11,600 |
764,221 |
10,424,540 |
|---|
Visit US Census
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Ginny Burford
Butler Real Estate Firm
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