Livermore real estate Stevehomesearch.com Bank owned Homes

Many Livermore bank owned homes are available. I have access to all of them. There are a few things you should know about the current market we are in to get a foreclose. 1) About 70% of bank owned homes are already priced low & get multiple offers the first couple days they are on. In order to get in the game you will need to offer full price or over to get one. 2) Just because a bank owned home is on the market for along time does not mean you can go in & offer a low price & you have negotiating power, it means the opposite. It means the bank does not care how long it sits & is sticking firm to there price! 3% -6% back for down payment is possible but not credit & price negotiation, you will be wasting your agents time & yours writing low ball offers. Unfortunitly you may have to go through this a few times to see for yourself, im just trying to save you time here. 3) The prices of homes in the Bay Area have come down low enough now that many people can afford the entry level prices. This is causing a purge in first time buyers buying homes. I dont care what the news & media says, any home in a decent area priced under $400k in moving. Mountain House, Livermore & Tracy are cooking! Please tell me a little about your situation & what you are trying to accomplish. I will respond to your needs right away. Steve Eveleth ( CDPAP certified ) 925-487-2246 "Committed to working hard & doing whatever it takes to help people get into a home" "http://www.steveshomesearch.com/ Watch my video! http://www.youtube.com/watch?v=avwhXgfaAuk

Steve Eveleth Livermore ca Real Estate News steveshomesearch.com

Attention buyers: Forget what the media tells you the entry level housing market is moving right along. The price of homes now in the Bay Area have come down low enough now that many people can now afford to purchase. Im here to tell you from my everyday experience out in the field that PEOPLE ARE BUYING! I am seeing many REO's with multiple offers a day or two after they come on market. The entry level market in the Livermore, Mountain House & Tracy area, anything around & under $400k is moving quickly. All we are doing now is building a new foundation of solid buyers in secure loans. Reports now confirm that we have hit bottom in most desirable areas in the entry level price range. I personally have 8 pre-approved buyers that want to purchase, qualified to purchase, ready to pull the trigger but there is nothing to purchase!!! What we have to do is monitor the MLS daily. As soon as something comes on the market we go look that same day & get our offer in. If I could sum up a message to buyers I would just say this: If you are betting that the market will continue to go down you may miss the boat. Prices have come down low enough now that there is a huge affordability gap now open for many buyers that could not afford to purchase before. Most people know real estate & home ownership is a no-brainer. When the opportunity is in your face go for it......When people ask me if it's a good time to buy, I tell them "why would you want to wait until its not" Steve Eveleth StevesHomeSearch.com

Steve Eveleth Livermore ca Real Estate News steveshomesearch.com

Steve Eveleth says REST ASSURED I value your time!
Because I value my client’s time this is the strategy that I utilize before I take you out shopping for homes.
1)”people do not care how much you know until they know how much you care” this goes a long way. Most buyers are pretty savvy & know ahead of time what area they want to buy in. No buyer wants some know it all agent telling them where to buy a home, or only showing them the easy deals with their broker friends or high paid commission deals. I show my clients EVERYTHING current on market in there price range & let you decide what home you buy; it’s not my decision to make for you! Its my job to step up to the front line when needed & negotiate, protect & advise you in the transaction. Many times my buyers already have a few houses in mind & have list prepared for me as soon as they are preapproved. So first thing I do is ask them how they would like to go about their home search. Do they have their own list of homes or would they like me to send them one. I then have them choose the homes THEY WANT TO SEE. This is not because I do not want to do the work it’s because you as a buyer know what you want to see best! My tastes may not be yours…vise versa. Once you give me list I call to make sure EVERYTHING I SHOW YOU FROM LIST IS AVAILABLE. I will not show any homes that I have not personally talked to someone & know home is available when I show it to you. Now guess what, every door I open for you is a home that is available, ready to fall in love with & write offer on at your request. And there will be a very good chance that if your offer is reasonable it will get accepted & you will be in your new home before you know it! Last thing anyone wants to do is finally find a home they love, get excited, make the decision to write an offer only to find out it is pending & agent forgot to change MLS status…which happens all the time…I want to do everything I can to get you excited & keep you excited about finding & purchasing your new home from start to finish! www. StevesHomeSearch.com

Steve Eveleth Livermore ca Real Estate News

www.steveshomesearch.com Livermore Ca real estate news

Steve Eveleth Tips to buyers on the REO’s & offer strategies, process. Stevehomesearch.com
I wanted to take a few minutes to educate my current buyers, prospects that I am in communication with & current preapproved buyers that are currently shopping with me. There are some good deals out there right now. The trick to getting a good deal on an REO (bank owned property) which 75% of entry level homes under $417k in the Livermore, Mountain House & Tracy area are either short sales or REO’s. 1) Make sure you are preapproved & are comfortable with your monthly payment!! Last thing we want to do is go out & look for homes, find one you love, write an offer, get it accepted & find out you cant get your payment where you want it.
2) Be prepared not to get the first house you write an offer on!! As I said in my previous blogs, many of these bank owned homes that are low priced GET MULTIPLE OFFERS. I have been taking buyers out on an average of 2-4 times looking at an average of 10-15 homes, writing an average of 2-4 offers before we snag one.
3) Be available!! If you are a serious buyer be prepared to take some time off work 1 day a week or so to spend house shopping. DURING THE WEEK IS THE BEST TIME TO SHOP as there is way less competition, much quicker response time to our offer submission. Also banks have same hrs most of us do 8 to 5 Mon through Fri. So if we submit an offer on a home that does not have any offers on it during the week chances are its going to get to bank that day verses a weekend when the bank might have several offers by Monday then we become “just another offer” with the pack & have less negotiation opportunity & less chance of getting offer accepted when competing with other offers.
4) DO NOT EXPECT TO LOWBALL. We are not In a low ball market. Banks are not that desperate. There is an asset manager that is on the other end of the bank owned home, just like you want the best deal you can get, so does the investor that is taking the hit on his return. If the banks wanted to give the property away they could have sold it on the Auction at the court house steps for 50-70 cents on the dollar. If its listed with an agent on MLS they are expecting to get close to full price for home. Many buyers think since it’s a buyer’s market that means that you can write an offer for 20% under asking price. This is a waste of your time & mine & waste of paperwork. The most we are seeing in price reduction is 3 to 6% possible 7 or 8% in a few over priced homes. Let me tell you how the banks operate: They take the last sold comp in the area & price the home slightly over that last comp as they expect that we will talk them down..(Bottom line is they. They typically wait 30 days to see what happens. During that 30 days they will entertain reasonable offers. If nothing happens in 30 days they need to get home off the books. So they lower price really low then everyone comes running. This is when we talk about the multiple offer situations. Then the bank sits back collects all the offers & counters everybody back at what’s called “highest & best” meaning hey, we are not going to tell you the details of other offers but there are many, no how bad do you want this house &” what’s the most you are willing to pay for it” This is the banks strategies of getting current true market value for the home in the quickest period of time! I hate it drives me nuts as I am on the front line with my poor buyer chiseling there pocket for a home they really want with a set low price in their mind as the motivation for making the move to write offer then we find out we have to pay 5 -10 maybe even 15% more to out bid other buyers. We could have saved everyone time & went & looked at homes in the 10-15% higher price range & probably found them a home that was just as nice & not played the banks games with bidding war!!!!Bottom line is expect to pay close to asking or a little above on a well priced REO, also I know buyers are smart, most of you know what is a good deal that is why you are pursuing it, so when a good deal pops up go for it & get what you want. In this market there will be someone right around the corner that will.
5) Don’t get discouraged!! If you are persistent & proactive we will find you a home you like & a reasonable price. I have no problem shopping for however long we need to get you what you want.
6) If we do land a deal on the first offer or two, do not think something is wrong or you are paying to much, know that we got lucky & it was meant to be! Some buyers love the chase & game once they get into it. They become overwhelmed or cannot make a decision because they are not properly equipped with the information or knowledge they need to make an informed decision. Then they become impulsive & later down the road develop what’s called “cold feet” that is they don’t really have a particular legitimate reason for backing out of a deal they just “feel” like they have to back out. This is a waste of everyone’s time & can be avoided by the agent properly taking the time with them to educate them. This can be a problem if the agent you are working with is pushing you or licking their chops thinking about pay day & not having your best interests in mind! PICK A GOOD AGENT THAT YOU FEEL COMFORTABLE WITH, ONE THAT YOU FEEL LIKE YOU CAN CALL ANYTIME OR ASK ANY QUESTION TO without them getting all razzed up. Buyer: Please educate yourself so you know what is a reasonable deal & be prepared to follow through with it….if there is a legitimate reason for backing out of a deal that’s one thing but cold feet & ambivalence as an uneducated consumer wanting an unreasonable deal is another.
7) Have faith in your agent, loan officer, title reps, WE KNOW WHAT WE ARE DOING (most of us anyway….) Most of the agents that should not have been in the business in the first place have been weeded out & are back at there 9 to 5 jobs . Have faith that your agent will contact you when necessary. Remember we want you to get into your home as much as you do, its what we do for a living too!
8) Please have respect for our time as there is so much time spent behind the scenes, setting up showings, driving buyers around, writing up offers, researching property requests, calling banks & listing agents. If you decide not to purchase or are not happy with the job your realtor is doing for you, COMMUNICATE to them. A good agent will welcome constructive criticism, not push a sale & want to know how to serve you better, I do anyway. Thanks for reading this book (LOL) It helps me to help you if you have this knowledge as we work together to get you the deal & home you want & get ahead in the game! Have a great day, thanks for reading my blog! Steve Eveleth loves helping people get into homes! www.steveshomesearch.com

Steve Eveleth Livermore ca Real Estate News

Steve Eveleth....Whats going on with the market? A lot!!! Anything under $417k is moving in the Livermore, Mountain House & Tracy area. Prices have come down low enough now that the affordability gap has widened enough to accommodate a much larger spread of blue collar entry level buyers to the entry level market. I refer to entry level market as anything priced under $417 k.(conforming loan amount) Many of these homes are getting multiple offers as soon as they hit the market. Good news is there is still time to buy & I think plenty of it. This is due to the fact that there is an estimated 2 million foreclosures predicted to hit the market in next two years. Now one thing to consider before you wait & assume prices may dip another 5-10%, 100% financing is back! There are programs coming out daily that allow buyer to purchase in a secure 30 yr fix loan that is safe with no money out of pocket or little down. I personally closed one of several deals last week that buyer got in with $620 total out of pocket. And a nice safe 30yr fixed loan. So as long as the inventory keeps coming on supply & demand is not going to come into play. Once all the homes that were purchased between 2001 & late summer of 2005 have went through the foreclosure process & are sold to new buyers in solid loans, eventually the inventory with be gone. Dried up inventory & new programs that are available with a new foundation of buyers in safe secure loans & maybe next few years increased wages & a new president that is not taking up to his bank & we just might see some stabilization in the housing market prices in the near future....of course this is all my opinions........people ask me all the time if I think it's a good time to buy...my response to them is "why would you want to wait around until its not? www.steveshomesearch.com
Take a peak at this latest program, its hot for 2008! CDPAP first time buyer program (California Down Payment Assistance Program)
(CDPAP) CALIFORNIA DOWN PAYMENT ASSISTANCE PROGRAM Steve Eveleth www.StevesHomeSearch.com

(CDPAP) CALIFORNIA DOWN PAYMENT ASSISTANCE PROGRAM
*First time buyers/previous home owners/investors
*Safe 100% financing,
*Minimum out of pocket expenses for purchase
*Closing costs paid w full program credit
*5% down gifted to buyer. Gain instant equity
*Nationally approved “gift source”
*No re-payment of funds ever, free & clear
*No asset or income limitations (this is a beauty)
*Credit score flexible Co-signer ok
*Total household income before taxes ok to qualify
*Combined income with partner/family member/spouse ok
*Buyer rate buy down option to lower payment
*First step toward wealth accumulation
*Any home any area can qualify, no geographical restrictions
*Must use certified program finance/title/realtor for transaction
*Past client references available upon request

This program is perfect for:
1) Buyers that have average to good credit but no down payment
2) Buyers that have solid employment & are able to prove their income
3) Buyers that have their down payment but would rather save it & use the banks $
4) Buyers that are not currently working with other programs or realtors
5) Buyers that are motivated & serious about purchasing
6) Buyers that have been told they have all the qualifications for a loan but no down payment

Steve Eveleth Livermore Real Estate News

Just an update for everyone out there looking for homes. The entry level market is rebounding big time. It is almost like it was back in 02-05. Many places are getting multiple offers above & beyond asking the first day they are on the market. This is strictly the entry level market only. Anything priced under $400 k in the Livermore, Mountain House, Tracy area is moving quick. www.steveshomesearch.comListing agents are so busy with offers they cant see straight or return phone calls to buyers agents like myself. It is taking approx 4 to 5 times of going out shopping, writing offers on SEVERAL homes to actually get one. These properties require full price offers. We no longer are in a low ball market. Some times it takes buyers a few times of losing a few homes they love by writing less then asking. I say this to help everyone utilize there strategies as well as their time & ours as active agents out in the field with buyers everyday. The proactive buyers that are aggressive & preaproved are getting into homes at reasonable prices. The low ball investors (even with cash doesn’t matter) & low ball buyers no longer have a position in the current entry level market in the Livermore Tracy & Mountain House area. WE ARE NOW SEEING THE BOTTOM. A year or so of this supply & demand of the entry level REO's getting bought up & it will eventually harness prices & then begin to even increase a little trickle up into the higher end homes. All we are doing right now is creating a new foundation of solid loans & entry level buyers. Once the inventory or REO's & short sales is gone we will begin to see supply & demand come into play & as long as interest rates remain attractive we could start seeing incremental price increases in next year or two.....of course this is all my personal opinion based on my current real time experience as an active agent with a team that is out in the field 7 days a week with buyers writing offers. Have a great weekend I hope this helps anyone who is curios about the status in the market right now in the Bay Area.

Steve Eveleth 925-487-2246 "committed to working hard & helping people do whatever it takes to get into a home" Thanks for reading my ad. What are you trying to accomplish & how can I help you? http://www.steveshomesearch.com/

steve eveleth steveshomesearch.com livermore real estate

NEW DOWN PAYMENT PROGRAM FOR BUYERS IN 2008! Steve Eveleth certified program rep. Now available to help home buyers that simply cannot purchase due to not being able to save up for down payment. Heres a soluation! The "California Down Payment Assistance Program" pays buyers down payment up to 6%! This is safe 100% financing with easy qualifications same as traditional financing. Rest assured you have found a hot product in the challenging financing mess we are going through & there is yet to come another option to leverage "OPM" (other peoples money") for those of you that are not familiar witht hat phrase you should read "the real estate millionaire" its awesome & a rather simple read. So anyways here it is folks, look it over & for God sakes don't over look it because you may not find another finance product out there like it.....brought to you & only you by Steve Eveleth
Steve Eveleth ( CDPAP certified program realtor ) 925-487-2246
Please tell me a little about your situation & what you are trying to accomplish so I can respond to you more efficiently. All inquiries will be responded to within the hr between 8am & 8pm 7 days a week. "Committed to working hard & doing whatever it takes to help people get into homes"http://www.steveshomesearch.com/
*First time buyers/previous home owners/investors
*Buyer need only qualify for 90/95/97% financing
*True 100% financing, fixed rate, no payment adjust ever
*No out of pocket down payment for purchase program
*Up to 6% more allowable for closing costs w program
*Total 12% toward buyer move in costs paid w program
*Up 6% down gifted to buyer. Gain instant equity
*Nationally approved "gift source"
*No re-payment of funds ever, free & clear
*No asset or income limitations (this is a beauty)
*Credit score flexible Co-signer ok
*Total household income before taxes ok to qualify
*Combined income with partner/family member/spouse ok
*Buyer rate buy down option to lower payment
*First step toward wealth accumulation
*Any home any area can qualify, no geographical restrictions
*Must use certified program finance/title/realtor for transaction
*Past client references available upon request

Steve Eveleth top Livermore real estate agent about Livermore

Livermore is a city in Alameda County, California. Initially settled in the 1830s, the city was incorporated in 1876 and named after a rancher named Robert Livermore. Livermore is accessible via Interstate 580 and also has its own airport.
While Livermore has its roots firmly embedded in agriculture and ranching, today the city is home to many high-tech workers who are involved with neighboring Silicon Valley industries. Livermore has become quite upscale in recent years with an extensive renovation to its downtown area and the development of many desirable homes. According to census data, Livermore is the third wealthiest midsize city in the country, with a median household income of $96,632. Some of the top attractions in Livermore include the Livermore Rodeo, the Livermore Valley Opera, as well as the parkland and vineyards to the south of the city. www.steveshomesearch.com
According to the 2000 census, there were 73,345 people living in Livermore. The city's biggest employer is the Department of Energy, which has a laboratory operated by the University of California. Livermore is also home to many excellent schools. The three high schools are Livermore High School, which was established in 1891, in addition to Granada High School and Vineyard High. thank you for reading my post about Livermore. Steve Eveleth

1999 acura NSX for sale or giveaway www.steveshomesearch.com

For the few comments ive had :Ok folks no more low ball offers on my sale of my Acura I am trying a different twist. I am advertising "acura nsx giveaway" first of all yes it is a maketing stategie but it is real & here is how it works. When you buy a home through me I will credit you half of my commission toward purchase price of car. So for example you purchase a $500k home & I credit you half of the 3% (or sometimes 2.5%) commission ($7,500) toward car. So if you purchase a $3,000,000 home I will give you car for free (90K commission split 50/50 toward car priced at 45k) so no more "hey this is false advertising", I think this is totally fair if you take into consideration that most of the time you might get a bowl of cherries or a nice elegent statue of your realtors face in a pretty suit & tie to hang over your fireplace with a thank you note on it & a big smile..(you should be laughing by now :) in the first place. So idealy this situation would be perfect for someone that wants an NSX & has some extra cash to buy an NSX. You get into a home & get a killer deal on NSX or if you buy a big enough home at the right purchase price the NSX is your for free! http://www.steveshomesearch.com/ steve eveleth

Livermore real estate short sales www.steveshomesearch.com

From Steve Eveleth www.steveshomesearch.com Livermore real estate short sales, agents dont waste your time, Its gotten ridulas. I have 3 clients that have been waiting months for responces from banks. The agents promise you the world with a leap of faith hopeing for the responce so they can make a sale as much as buyers wants the property. I actually have got one responce back from bank 3 months later & they countered with 45k higher then asking.....on a $420k purchase price???What are they thinking??? Just wait till the bank takes over. I have gotten awesome responces from banks, everytime within 24 hrs, sometimes even signed contracts the same day!!! The only way I even consider a short sale is if client absolutely loves the home. In that case I let client know there is a 3-4 month waiting period right off the bat. Then if they want to spin the wheel here is the questions you should ask the listing agent::

1) is the bank responsive & cooperative?
2) what stages is the short sale approval at with lender?
3) has buyer turned in all required documentaion, hardship letter, tax returns, ect to lender?
4) is the second with same bank as first? If not what is there responce? What stage & contact is with the second?
If the listing agent answers these questions with knowledge & confidence you may have a better chance but if not dont even waste your time there are way to many REO's out there ready to go..and o what deals I have been getting on those, lots of happy clients! www.steveshomesearch.com

Entry Level Home Inventory Tightens

Lots of inventory right now at entry level pricing.How long will it last? Average price in Tracy for a newer 4 bdrm 3 bth 2000+ sq ft is $350K. This is right under FHA loan amout guidelines & under the jumbo loan amount limit of $417k. What does this mean? Lots of demand & killer interest rates for buyers on anything under these price ranges.steveshomesearch.com Get the good deals while they last. Inventory will eventually tighten up. Tracy & Mountain House homes under these price ranges are moving, I dont care what the news says. I am living it!The prices have come down enough now that the affordability gap is widening causing suppy & demand to tighten on entry level homes under $362 & $417. Congress is now working on raising jumbo loan amount to $625!!! If this happens it will creat a whole new demand on everything under $625!! Again inventory will tighten. Also eventually the REO's & short sales will dry up & booommm we;ll be in a normal market again prices will flatten & that will for sure be our bottom...remember less inventory, more demand, more demand higher prices...steveshomesearch.com
If you would like some help with buying a home in the Livermore, Tracy, Mountain House area I am available at your request. If you are pre-approved or need to get pre-approved let me know. If you would like to schedule a time to get inside homes or like me to send you listings via email,no problem. Just contact me with address of homes you want to see from your list or pick from mine & I will set everything up. I will meet you at houses, get you inside & handle everything for you. I will need to see your pre-approval letter & you will need to have deposit check for 1% of purchase price at time of offer submit.Let me know what your needs are & how I can best help you. Lets get you into a home in 2008! steve eveleth steveshomesearch.com 925-487-2246 info@steveshomesearch.com