Livermore bank owned and short sales come to an end by Steve Eveleth 925-487-2246

well the Livermore bank owned and short sales have reached an all time high. There are "0" thats right, none, as in not one! Not one short sale or bank owned home on the market in Livermore. Guess its safe to say the bank owned and short sale days are but a part of history,..........man what a learning experience and curve that was huh???? Buyers trying to get grab them up bought at the perfect time, pain in the butt for sellers walking away from them and a basic short term feeding freezy for others like flippers and the banks and REO agents shoveling in the cash on them...on the flip side most of the agents out there now are excellent people service originated , there were some REO agents i just knew as soon as the market went back to regular sales where they actually had to be nice and provide great ethical service they would be out of the game quicker than slick snot on a door knob lol......bam!http://www.580homesales.com/

What does it take for a buyer to get a home? Livermore sellers market out of control wildfire by Steve Eveleth

what does it take for a buyer to get a home in this market? How bout over asking price, as-is (no repairs), minimal or in some cases NO contingencies, yes that's right, no option to back out without losing your deposit if there's something you don't like about the house or it doesnt appraise after your in contract ( I would never advise a buyer to do this, its just NOT a smart thing to do period!!!) and in some cases buyers even paying sellers closing costs and ive even heard of the buyer paying commissions!! This its insane, not digging it. I don't care if I have to write 20 offers for my buyers im not recommending they write offers like that and if theres another buyers agent and buyer that will they can have the house. And I hate to say this and it might upset some listing agents but im going to say it anyway. Much of this is promoted by the listing agents. They want everything in their court for a quick smooth deal and look like heros to the seller. meanwhile putting a buyer in a precarious position leveraging their desperation in a fierce multiple offer situations in competition just to get a house. Only in this kind of market can listing agents get away with this and one day the market will shift. Its perfectly fine to leverage a hot market for sellers and get them the best price for their home sure. But taking advantage and putting a buyer in contract on a home with no way to back out if something comes up with inspections, reports or their financing is not ok. Looking forward to a more balanced market for buyers.

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Dublin beats Livermore home prices, heres one reason why by Steve Eveleth 925.487.2246

what I learned about the Dublin market this weekend at my open house: Had about 20-30 folks come through, most pre approved for around $600k to $650k which is like Livermores $500-$550 range. I spend as much time as I can talking and asking questions to as many buyers as I can even bouncing back and fourth if several come in at a time which is very common. There is no better hands on way to get real market feedback and a true market pulse than talking with real buyers out there shopping in the market place. Open houses are an invaluable tool. So are you ready for the number one reason Dublin prices are a wildfire beating Livermore when Livermore is so much nicer and has so much more to offer?? Heres the reason: The good ol term location, location, location. I asked all the buyers coming through if they realized what their $650k would get them in Livermore and at least 75% of them said nope, they did not want Livermore because of the extra commute and because Dublin has bart and Livermore doesn't!! Most buyers commute to the City and other areas using bart I was very surprised. And just like many people wont go to Tracy from Livermore because of the commute, same with Dublin to Livermore, its that extra 20 minutes no traffic and 30 minutes on traffic that is a deal breaker for many. So location location location still applies and goofy Dublin with no downtown and congestion trumps Livermore for housing prices and thats one of the reason why!