Wednesday, June 18, 2008

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

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