Livermore down town hype

OK so whats the real deal with all the "downtown Livermore hype" Its looks like some property owners need a reality check when it comes to there expectation of realistic value of there close proxsimity to downtown Livermore.There are a couple pieces of Livermore real estate for sales on Chestnut st and 2nd st in Livermore right now. Both owners have there price about 100K over realistic market value of what there home would sell for. Notice the opporative word "would" I use that word because there home will sit....and sit...and sit....just because something is located close to downtown Livermore is not that big of a deal....yet....("yet"another opporative word)If and when downtown Livermore takes off values around immediate downtown may be a little more dersiable but come on just because you have a oversized lot that is duel zoned is great for someone to come in and build on...in a different market.... due to this sub-prime shakeout people can barely get financing to buy the house, let alone buy and build! That means the owners are marketing to investors who would build. Only problem with that is any investor knows only to pull the trigger on any purchase in this market or a purchase to built at that, is sitting on the side lines watching all the other over priced homes sitting around.So you either have to find an over axtios investor that loves to throw money around and just loves to build for a hobby with no brains or realize that your overpriced home close to downtown Livermore is only worth what someone will pay for it today! Another problem this causes is an unrealistic perception of what the market is doing based on certain prospect sellers that have homes way overpriced sitting on the market for long periods of time. So when someone asked me about the Livermore real esatte market I have to ask them...well it all depends my friend. Timing, location, pricing, inventory all come into play at the end of the day! It kind of reminds me of the gold rush(though I wasnt actually around then) but in theory from the few historys classes in school that I actually participated in I remember the simularities.I think once the performing arts theator kicks in we should see some different views of option & attraction in the downtown Livermore real estate market....who knows, its all speculation right? p.s. don't pull any light handed ribbing on my spelling, spell check doesnt work on real time blog entries....besides I said in this blog I wasnt around much in high school........www.StevesHomeSearch.com

Livermore home buyer trends

Livermore home buyer trends

The average Livermore home in the entry level price range in still averaging about 60 days on the market. About 70% of all homes sold in Livermore are under 600K. (steveshomesearch.com) this tells me that homes in the mid to high price range are either out of reach for the market of buyers buying right now, or the people that can afford the higher end homes are waiting on the fence to see what the market will do, or there may be a bigger inventory of available entry level homes too… Another theory is most of the people buying right now are not buying because they think it may or may not be “the right time” they buy because they have to buy….or rent. With family’s expanding, people getting married, family wanting to be close to each other, weighing out tax advantages rent/verses own….. if they choose to rent they have no tax breaks, live under the thumb of the big bad wolf landlord, are not in a position to ride the next equity waves when it hits. Most everyone knows the advantages to buying. There are enough rescores out there that anyone that is remotely able to buy and gives it any half ass attempt will know weather they can or not pretty quickly. I say this only because its not hard these days to find out if you qualify for a loan unless you don’t own a phone, tv, talk to friends or family members or come in contact with the ever so abundant population of loan agents and realtors on every corner….www.StevesHomeSearch.com Steve Eveleth Every time rates drop it widens the gap of first time buyers in the Livermore real estate market that can now purchase a home.
Now about interest rates, if history dictates the coming months ahead, I am hoping for some rate decreases coming in the next couple months. As long as inflation does not get out of control. In order for inflation to stay under control, gas prices need to remain stable…or drop….what does gas prices have to do with inflation? Simple. It costs the realtors more to get the product to them, so they pass that cost on to you…you know who we can thank for that? That’s right Mr Bush! Did you know that most of his money is invested in oil stocks? Do you think he is worried about the price of gas???Hell no, every time he fills up he is just reinvesting his money in his own pocket!!!! OK im ganna get crazy here…time to stop, besides im way off the subject…. www.StevesHomeSearch.com Steve Eveleth

Should I use a Livermore real estate agent?

So I've been a Livermore real estate for 6 years now and have been working with these new home builders recently and wanted to give everyone a little status on my progress and recent experience with new home sales near Livermore. Most of my marketing up until recently consisted of Livermore real estate homes simply because Livermore real estate is where I focus my strengths and know the Livermore tri valley the best. My recent discovery of new homes 10 minutes from Livermore real estate (if your doing 90+, kids do not try this at home!!!!) but seriously you can get to Mountain House in about 15-18 minutes and enjoy the drive and Livermore surrounding area on your way out of town. First let me tell you about the prices of these homes, can you say the word "half" yes that's right, you will pay about half of what you will pay for a Livermore home for a brand new home in Mountain House. StevesHomeSearch.com These homes come with everything you see in the models. That's right you do not get nailed with another 100K just to get your new home somewhat comparable with the beautiful model they lure you in with...and the incentives...wow....and once I get in there as your exclusive buyers agent and grind them down on price, get your incentives & your closing costs paid from builder....There is nothing more that I am passionate about then getting my buyer the best deal possible on a new home....by the time I get down with the sales reps at these places, they are practically giving the house away to us! I just spent 5 hrs on Fri afternoon neg with builder in Oakley for a buyer. The sales rep could not produce so I got on the phone with her manager, she could not get me what I wanted so I got on the phone with vice president and got what I wanted......O and then there was "the list" as soon as I blew the sales rep, manager, and VP hair back and pretty much got everything my clients wanted I brought out a list of things my buyers wanted the builder to do to the house before move in! You should have seen the look on the sales reps face...priceless. My buyers asked me before I presented the list if I thought it was a good idea, I told them a little saying I live by is this:" if you don't ask the answer is always NO!" and the funny thing about this situation was this particular client questioned weather or not it was necessary to use a real estate agent before I met with him at builder....this home was priced at 663k to start with 118k in upgrades. When I was done negotiating I got client this home for 512K all incentives, all upgrades & closing costs paid! Do you think this guy would have got that deal going in represented? You tell me! The builders sales rep would have made mincemeat out of him...you know the saying "its kind of like having sex with a gorilla, its not over till the gorilla says its over" This guy would have paid what ever the builder said he was going to pay, as soon as they knew he wanted the house...of course they would have manipulated the wording and made it sound like he was getting the deal of a lifetime....One thing I have come to realize in the real estate game is every deal is like a court trial at times....two lawyers hashing it out. if you don't have a backbone and know when to use it...in a tactful way, sometimes not, your client will see your skills appreciate your possession and never question weather they should use realtor or not...I know these particular clients will not....! www.StevesHomeSearch.com!

Livermore real estate holding steady

Its been several weeks now and home sales in Livermore are holding steady. more info www.steveshomesearch.com There is of course the occasional seller that "just wants out" and drops there home 15% under other active comparables in there area. This does two things: first it throws of comps in broad spectrum compared to the realistic average sale of other comparables with other Livermore homes in there area. second: it makes it that much harder for people trying to re-fi at higher LTV because an impatiant seller got sweaty palms and panic sold there Livermore home. Attention Livermore sellers: If you do not need to sell now don't! Rent out your Livermore property. Rents in Livermore are super strong right now. There is a shortage of Livermore homes for rent due to the decrease in investors and everyone "getting out" of the market. I predict rents will increase 20-30% in the next year! I have already increased rent on my Livermore homes 20% in the past year. Another thing is where are all these people going into foreclosures and short sales going to go???? You guessed it, rentals are in huge demand right now.....go buy some Livermore homes and rent'em out while everything is on sale! If you do have to sell, it is pretty typical of a home to be on the the market 8 to 12 weeks or so....so prepare yourself. Plan your timeframes accordingly if you want top dollar for your home. It will sell if its nice and priced right in this Livermore buyers market. If you would like to get a quick snapshot of what your Livermore home is worth go to my site www.steveshomesearch.com click on my home value quick & plug in your address. Results in less then 30 seconds. This is a great tool. Thank you for reading my post sincerly, Steve Eveleth