Tuesday, June 5, 2007
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
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