Livermore Rental Market off the hook by Steve Eveleth

Livermore rental market is off the hook. I recently listed a few properties including one of my own for rent in the Livermore. The responses I received were overwhelming. I had to stop taking calls. Because of this discovery and the decline in active Livermore real estate transactions, I have decided to pursue Livermore property management for a while. It's a lot of work & time for a small amount of dough, with a ton of potential headache, but just think long term of all the other business with real estate & loan transaction that will come out of it...re-fi's helping renters become home owners, sales of the rentals eventually...I must have received 15 phone calls from two rental ads that were tied in with Livermore real estate. I will start posting new available rentals on my website http://www.steveshomesearch.com/. Click on "rentals". Another reality is there are many Livermore real estate agents getting out of the business which means there are less available rescores for landlords/investors to grasp. The strong will survive during these times......and when the business picks up again and our doors are open we will be remembered as some of the few who survived the tuff times in the tri-valley Livermore area....if people have 10 stores to shop at and 6 of them close there doors, were will everyone go when its time to jump off the fence and purchase again? http://www.steveshomesearch.com/ its all about exposure baby! By Steve Eveleth

Now is the time to buy Livermore real estate

happens the door may swing wide open to buyers jumping off the fence and making a move.If rates come down 1/2 to 1 % (which they very well could based on the latest talk from the fed as of yesterday) There will be an inventory of buyers again and less of an inventory of homes available to purchase.http://www.google.com/search?hl=en&q=steveshomesearch.com&btnG=Google+Search This means if you decide to wait and purchase when everyone else does you will have less of an inventory to choose from, sellers with begin to hold the gold again, less closing costs paid, less sellers agreeing to repairs, and possible price increases on the current homes for sale! So whether you wait for rates to come down and home prices to go up, or purchase now and get the home you want at a good price, isnt it all relative? Have you ever heard the saying "its never a bad time to buy real estate" especially if you look at the history of real estate over the past 40 years.....ups,downs,flat spots and around it goes again...so what are you waiting for? http://www.google.com/search?hl=en&q=steveshomesearch.com&btnG=Google+Search

Livermore real estate financing

OK so the feds dumped 38 billion into the economy yesterday to ease the credit pinch we are in...great more money available to spend and even better ON credit.....!!!! so what will this do the housing crisis??? NOT A DAMN THING! All this will do is cause more dollars out there for people to spend which in turn will cause more inflation, which in turn will allow for rates to either stay the same or go up to control the inflation.....At lease they recognize there’s a problem and are doing something...weather its the right thing or not is the broad controversial question....Steve Eveleth

Here’s my suggestion to everyone.....sit your butt down and adjust your budget for 6 months.....im talking about cutting your frivolous spending in half for 6 months....yes we the people take a break from the spend spend spend mode for 6 months. What will this do? two things....(this is my theory, its all speculation right??)1)It will cause the feds to lower rates!!! Duhhhhh don't we get it??? As long as we keep spending, weather its cash or credit we keep the cycle in motion...the cycle that is going to backfire eventually...or what am I talking about...already has....has been for a while...thank God people are making decent $ with job availability and pay increases...if we didn’t have that right now....bye bye baby...recession come to daddy!!!!
second thing this will do is create less dollars out there for retailers product so inflation will stay under control!!!

SO by cutting down on your spending (operative word is YOUR) every single one of us has to do this and IT WILL WORK!!! This will effect all of us and here will be the benefits::

Home buyers: Lower rates to afford a home!

Home sellers: you will get more for your home because there will be less inventory and more buyers!! This will also even out the market and you wont get beat up by buyers on your sale of your home!!!

Real estate agent & finance industry: Maybe keep the doors open for the rest of the year!!!
www.StevesHomeSearch.com

Average consumer: you will save money because inflation will be under control( prices of merchandise will remain stable or decrease because there isnt as much cash flow out there to buy there product!!

Here’s the problem people:::::: In order for this to work you must start educating yourself, planning budgets and sticking to it....CUT DOWN ON YOUR SPENDING!!!maybe not going to the lake one summer...not having your kids get the $120 jeans.....no super latte star bucks every morning....make your own. you get the picture!!!!!This is our problem::: As long as we keep spending things like we do things will not change.

Can you imagine if we all cut our spending by 1/3 for 6 months???? The fed would freak!! and lower rates....come on lets try it!!! www. StevesHomeSearch.com

The financing mess .....StevesHomeSearch.com

I see only three options on the horizon:

1) the feds wake up and realize WTF is really going on, Lower the rates like they did after 911. The problem with that is So they lower rates witch could possibly bail it out but then there's good old inflation...as soon as the feds lower rates there will be more dollars out there available for retailers to jack up there prices to the consumer and then there's us....or most of us that is...who love to spend $$$$$ lots of it, we just live for today and spend it as fast as we get it....which is why the average American is in debt 15-35K with credit cards, car loans, equity lines..ect...So who really created this mess...the loan agents that got you your loan? President Bush that is getting rich off the cost of gas (he could care less about the housing market)which in turn causes retailers to jack up there prices to the consumer because it costs them more to get there product? Or is it the typical "spend for today" don't worry about tomorrow attitude of so many Americans that take a leap of faith and worry about it later attitude......After all its our own education and our own decisions that we make, no one forced you to obtain a loan with a minimum payment that you knew wouldn't last forever... www.StevesHomeSearch.com

2) the prices of houses come down enough to where people can afford them...what is that number? Who knows based on your debt-to-income ratio...I don't think anyone really wants to know what they can "really" afford....the problem with home prices coming down further is it will hurt the economy because a good portion of the money people spend comes from the equity ATM in there home...which is currently" out of order" The good news is that most homeowners do not want to take a big hit on there home if they have equity in it...which most don't because they cashed it all out and wil not sell there home unless they have too...If youve bought in the past 5 years you probably owe as much as your home will sell for..if youve cashed it out like most people.. Also people cannot re-fi to cash out to spend because there LTV(loan to value) have depleted....And one more thing, about 70% of loan agents & realtors and packing up and getting out of the business....does the feds realize how much money they were putting into the economy? yea all the money they made on the unregulated lending standards off all the loans that people are defaulting on now.....fronted $$$ that the ecomonmy will miss or $$$ that should have never been there to begin with and is part of the mess were in now due to it....either way people in the real estate loan business are bailing...too bad for them...im hanging in there.....when people had 10 stores to shop at and now only have three...guess who will get all the business? www.StevesHomeSearch.com

3) people start making a shitload of money quick...stock market goes nuts, stem cell takes off, solar power goes nuts....alternative fuel...something relative to the high tech boom...something needs to take off quick... Comment on this blog http://www.google.com/search?hl=en&q=steveshomesearch.com&btnG=Google+Search

Livermore real estate market update & services

::::::PUBLIC NOTICE::::::

DO NOT SELL YOUR HOME

JUST BECAUSE ALL THE DOGS ARE BARKING UP THE SAME TREE DOESNT MEAN ITS THE RIGHT TREE!!!!!!!!!

STEVESHOMESEARCH.COM

Now is the time to buy not sell!!!
All my buyers & investors are currently benefiting from this market with:
-Closing costs paid
-Most reasonable repairs performed by sellers
-Price negotiation.......absolutely!!!!
-The average Livermore rent has increased by 20% in the past year(just look and see in the rentals section of CL)
-Rents are going to go up even higher due to supply & demand in desirable tri-valley
-great inventory to choose from!!! No fixing up anything. If your partial to one we move along to the one down the street thats even nicer!!!!!!
FACTS:
There are currently 534 homes on the market in Livermore.
Rents in Livermore are up 20% in past year.
The average 1400 3/2 SFR in Livermore is renting for $2000 per month (conservative #)
Why sell and get rid of your tax writeoff?
Why do what everyone else is doing?
BUY LOW SELL HIGH!!! Everything is on sale right now!!!
Myself and finance associates will help you with:
Free quote on re-fi your existing home, cash out to by investment while prices are low (who knows how long this will last....solar power and stem cell is on its way...the next booms are around the corner) Are you in position for the next real estate boom?????
Free credit report
Free credit counseling
Free tax advice on new tax base w rental property
Free personal finance evaluation
Free advice on investment strategies
Free certified market evaluation of the current value of your home
Free property management for 3 months
Free tenant placement
Steve Eveleth 925-487-2246
http://www.google.com/search?hl=en&q=steveshomesearch.com&btnG=Google+Search