I Need to Sell My House Fast in El Paso: What Are My Options?

Pros and cons of selling to an El Paso house-buying company

Still not sure if selling to a house-buying company in El Paso is right for you? To help you decide, we’ll explore the key benefits and drawbacks below.

Pros

• Sell fast: You’ll typically get a quick, non-contingent offer and can close in just a few days.
• Skip repairs: You can sell the home as-is, without worrying about upgrading its condition.
• No staging or showings: Skip the time-consuming and stressful tasks like staging and hosting open houses.
• Flexible move-out dates: Many companies allow you to choose a move-out date that works for your schedule.
• Cover closing costs: Many buyers will cover closing costs for you, saving you money in the long run.
• Can be a foreclosure solution: Selling quickly might help prevent a looming foreclosure and provide financial stability.
• Guaranteed sale: There’s no risk of your sale falling through due to home inspection results or buyer contingencies.

Cons

• Lower offers: You will typically receive offers below market value compared to a traditional sale.
• Less competition for your home: Selling to a cash buyer prevents competing offers that could drive up the price and result in a bidding war.
• You give up control: You will likely have to sacrifice control over the selling process or final terms of the sale.
• Potential risk of scams: Not all companies are reputable, and there’s a risk of encountering home-buying scams if you’re not careful.
• No negotiations: Offers from cash buyers are often firm, leaving very little room for negotiation.

Silas Baca is a top-performing El Paso real estate agent who works with 84% more single-family homes than the average agent in his market. He recommends that sellers do some digging about the fair market value of their home before deciding to work with a house-buying company.

“If I was a seller, I would do my research to see what the home is actually worth,” he says. “If the property is something that needs a lot of work, and they don’t really want to deal with it, then maybe utilizing some investor platforms that can help get that house sold for some 75-80% of the value, they can try to get a little bit more money. I think just dumping off the property to anybody would make them lose money.”

Next, we’ll explore how working with a top real estate agent compares to receiving a cash offer.

Option 2: Hire a top El Paso real estate agent

Even if time is of the essence when selling your El Paso home, working with a top real estate agent instead of a cash buyer could be a smart move. A knowledgeable agent understands the local market and can help you sell your home faster while maximizing your profit, making the most of your property’s potential. From setting the right price to handling negotiations, an experienced agent streamlines the process, even under tight timelines.

“As a seller, and as a homeowner, I think the main point is to contact the real estate agent first, get a market analysis, and get a good understanding. Have the agent look at the house and see what the best route to go is,” Baca says. That way, even if you go with a cash offer, you can feel confident that you’ve explored all the available options.

Now, let’s explore current market conditions in El Paso and break down why working with a real estate professional might be the best decision.

How fast are homes selling in El Paso?

In El Paso, homes are selling relatively quickly. “Right now, we have an average of about 25 days to 30 days on market,” Baca says. In August 2024, homes were on the market for a median of 24 days before going under contract. Once an offer is accepted, it typically takes an additional 43 days to close the deal, meaning that overall, it would take about two months to get a home sold in the current market.

Here is a snapshot of current real estate conditions in El Paso:

*Does not include the typical 43 days a buyer needs to close on a purchase loan.

Data sources: Greater El Paso Association of REALTORS and elpasotexas.gov

However, working with an experienced agent can significantly reduce the time your home is on the market. With their expertise, you’ll have all the tips and tricks in your arsenal to attract buyers and secure an offer for your home faster.

In the next section, we’ll dive into the main benefits of working with a real estate agent.

Benefits of selling with a top El Paso agent

Working with a top real estate agent in El Paso can make all the difference when you’re looking to sell your home fast. From strategic pricing to expert marketing, the unparalleled knowledge and advice of an agent can help streamline the process and get your home sold quickly.

According to Baca, “The top benefits are that you have a market understanding of the area, and you have multiple resources using an agent. So they can get your house out in the market at a higher level.”

Let’s take a look at the many benefits of working with an agent:

• Ability to sell for more: A skilled agent can set a competitive price that attracts a large pool of buyers while maximizing your profit.
• Can generate a speedy sale: Experienced agents understand the local market and know how to move your home quickly.
• Accurate, effective pricing: Agents perform market analyses to avoid overpricing your home, helping it to sell faster without lingering on the market.
• Professional negotiation skills: Top agents bring strong negotiation skills to the table, ensuring a smoother and faster sale.
• Elevated marketing: With agents’ advanced marketing strategies, your home gets maximum exposure to potential buyers.
• Will know what to fix and not fix: Agents can advise you on which repairs are necessary, focusing only on improvements that yield a return on investment.
• Contract savviness: A top agent knows how to handle real estate contracts, speeding up the process and avoiding potential delays.
• Can manage documents and disclosures: Agents help you stay compliant with legal requirements, ensuring a smooth and accurate transaction.
• Expert partner by your side: An experienced agent will guide you through each step, eliminating guesswork and reducing delays.
• Network of skilled professionals: Agents often have connections with inspectors, contractors, and title companies to expedite the process.

How to find a top El Paso real estate agent

Want to find a local real estate agent in El Paso, but not sure where to start? HomeLight’s Agent Match platform analyzes over 27 million transactions and thousands of reviews to connect you with top-rated agents in your neighborhood. Whether you’re selling or buying, HomeLight can help match you with the most qualified agent for your individual needs.

Expert agent tips to help sell your El Paso house fast

There are a few easy agent-recommended steps you can take to attract the right buyers and expedite the sale process.

• Price it right from the start: Avoid the temptation to overprice, which might keep your home from sitting on the market for too long. An agent can help set a competitive price.
• Highlight outdoor living: El Paso buyers appreciate outdoor spaces like patios, pools, and backyard kitchens. These additions can also help raise your final sales price.
• Focus on curb appeal: First impressions matter. Simple touches like fresh landscaping or painting the front door can boost your home’s attractiveness.
• Cater to remote workers: With more El Paso residents working from home, stage a home office space to appeal to this growing buyer segment.
• Get a pre-sale inspection: A pre-listing home inspection can reveal any issues early on, allowing you to address them before buyers or inspectors see the home.
• Offer a home warranty: Provide peace of mind by offering a home warranty, which can make buyers more confident in their offer, especially if they are worried about repairs.
• Use professional photography: High-quality photos are essential to making your home stand out on the MLS and accumulate buyer interest.
• Consider timing: El Paso’s housing market can vary with the seasons. Consult your agent and check HomeLight’s Best Time to Sell Calculator to list at the optimal moment.

Baca recommends that the best action sellers can take is to ensure their homes are clean, decluttered, and ready to impress buyers. “The action that the seller can take is just preparing the house,” he says. “So if the seller is not prepared — for example, getting the repairs, the paint, the safety features, and all of that — that would be their main point to get the house prepared for the market, and it goes faster.” It’s recommended to take on low-budget upgrades, such as repainting the walls or replacing hardware and fixtures in kitchens and bathrooms, to improve your return on investment.

Baca also provides some insight into how skilled agents find the right buyers in the El Paso market. “I think one of the big things that I utilize, and I think a seller could benefit from, is that we have to find out the demographics of the buyer, or the buyer type that’s going to be in that area. Then, what we want to do is target that person so that we understand who’s going to buy in that area. We’re not just targeting random people,” he says.

Ready to sell your El Paso house fast?

Whether you’re seeking out a fast cash offer or prefer the guidance of a top El Paso real estate agent, the key to a swift and successful home sale is choosing the option that best fits your situation.

• If you need to sell quickly, a cash offer through HomeLight’s Simple Sale platform could be the perfect solution for a hassle-free transaction.
• Alternatively, hiring an experienced agent can help you market and price your home effectively for a faster sale. HomeLight can connect you with the best agents in El Paso.

If you’re unsure, consider exploring both options. Comparing a cash offer with an agent’s expert opinion will give you a comprehensive overview of your choices.

Selling your El Paso home doesn’t have to be stressful — HomeLight is here to help simplify the process. By having a clear picture of your options and leveraging the information in this article, you’ll be well-equipped to maximize the value of your El Paso home and get it sold in the shortest amount of time.

Header Image Source: (Sean Pavone / ShutterStock)