Livermore real estate news

Current Livermore Real Estate market conditions Steve Eveleth

2010-08-26T13:06:00.000-07:00

Is the current market cooling off??? Looks like just a touch as of 8/27/10......please watch my videos and share your thoughts and comments with me! Thank you!
Current market conditions video from Steve 8/27/10
Should you do a short sale or foreclosure? Your options and the process. 8/25/10
The process of buying a home with Steve 8/12/10
Steve explains flipping properties with Tara Firm Investment Group LLC 7/21/10
At the court house steps bidding on properties 7/14/10
Very useful buyer tips to combat current market conditions. Livermore Real Estate Steve Eveleth 4/09
Steve talks about the CashnWalk program & how its helping homeowners with cash when they need it most 7/10
Updated SHORT SALE process w Steve 7/10/10
Latest mortgage & Real Estate videos daily
What you can expect from Steve as your agent in 2010! It's going to be a great year!
Steve explains difference between a short sale & REO,bank owned, foreclosure when shopping 1/15/2010
Steves video to help you shop 4/30/09
Steves real estate stress management solution video
Steves video to help you understand the market 1/08
Steve takes you out in the field on a typical REO (what you can expect for an REO)1/2/08
Process of getting into a home with Steve 2/25/08
Out in the field with Steve & clients on inspection day! 1/24/08 http://www.steveshomesearch.com/bin/web/real_estate/AR202865/EXTRA1/1/Livermore/1282843419.htmlSteve Evelethhttp://www.steveshomesearch.com/

Investors needed to flip properties 20% return Livermore steve eveleth

2010-08-26T12:31:00.000-07:00

INVESTORS WANTED TO FLIP PROPERTIES! Livermore Real Estate. I am at the Alameda County Court House steps now daily. There is good money being made out there flipping properties right now. I see it, live it, know it and am doing it! Average return is 20% on your money, 60 to 90 day flips. I also have hard money available to you as well up to 75% LTV on the flip. I do ALL the foot work, track the properties, drive the properties, knock on the door,check title, see if owner/tenant of vacant, do an EXTENSIVE appraisal (this is key to knowing your max bid & return margin) estimated repairs needed ect.....I change 10k upon acquisition and require you to list the home with me as the seller agent for 5% once its ready to be flipped. There is a lot of homework involved in picking up a property at the auction but if you know what you are doing and willing to put a little trust in me and take a small gamble I can make you a lot of money right now in this market! Call or email me for a sit down or I can email you a presentation. Ready to make some dough in this current market?

Steve Eveleth 925-487-2246
agent/finance/consultant
http://www.steveshomesearch.com/

Free informational helpful Real Estate related videos from Steve
http://www.steveshomesearch.com/bin/web/real_estate/AR202865/EXTRA1/1/Livermore/1282843419.html

bye bye 30 day escrows for most Livermore ca real estate

2009-09-03T14:07:00.000-07:00

Steve Eveleth http://www.steveshomesearch.com/ livermore ca real estate tri valley real estate

Were you told recently that you would close on your new home in 30 days or less? Where you ready to throw yourself & your loan agent off the nearest bridge by the time your transaction closed & you got keys in hand? Did the bank keep coming back to you asking for silly documents that you think should have all been collected from the start? Where you told just a few more days 4 or 5 times? Do you feel like you took a few yrs off your life or added a few grey hairs during the course of your loan transaction? Did your escrow take 45.60.even 90 days to close? I have news for you. Your not the only one! if yes to any or all of these q’s WELCOME to California’s new constant changing guidelines (FHA is the worst), crappy non-compassionate customer service, unjustified time delays, not enough man power for the workload cause they are to concerned with pinching pennies for profits, over working the staff & fat greedy banks that are over compensating for how they should have operated before the whole mess began in the 2007. So before you get upset at your realtor & or loan agent Its not us! It just so happens we are on the front line and on the roller coaster ride with you!(most of the time) I speak for myself & our experience anyway just know that we are going through the same thing you are! Every party that is working on your transaction all work together to make it happen We all want you to get in your home as bad as you do! Also lets be real here, we all work on commission basis in case you forget so we are as motivated at all times to meet your needs met, make you happy & us put bread & butter on our table as an end result) Many people think by pushing or being difficult its going to speed up the process…..the best clients are the ones that trust, let us go to work, assume that this is not our first day on the job and we are working hard taking care of everything we need to do when we need to to get your transaction closed! What type of client will you be? Thank you Steve Eveleth StevesHomeSearch.com http://www.steveshomesearch.com/

Find out in less than 2 hrs if you can get into a home now!
http://www.steveshomesearch.com/bin/web/real_estate/AR202865/ACTIVATE_FRAMES/HOME_FINDER/Livermore/1251851344.html
Have a quick question for me or something I can help you with?
http://www.steveshomesearch.com/bin/web/real_estate/AR202865/ACTIVATE_FRAMES/CONTACT_ME/Livermore/1251851344.html
connect with me on Facebook!
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Steve Eveleth 6/15/09 :90 day moratorium again???

2009-06-15T09:24:00.000-07:00

Another 90 day moratorium on foreclosures? Help or hurt? Steve Eveleth StevesHomeSearch.com
Another attempt to band aid the open wound. The pres says he doing this to put pressure on lenders to work with home owners……haven’t we already done this a couple times in past 2 yrs? The lenders do not give a shi* about working with homeowners. Thanks to corporate tax laws & legal loopholes for big business believe it or not lenders /investors/hedge funds/insurance companies are actually benefiting from this foreclosure era but you don’t even want to get me started with all that!!
What we need to do is let this thing find its own bottom. Just like the bailout money, what happens when it’s gone? We’re back where we started. Same with the moratorium. You see the problem is deeper than lenders discretion on whether they want to work with people on their loan mods, the problem is people don’t have jobs to pay their mortgage whatever it’s modified to! Let all the foreclosures do what they are going to do, first time buyers are buying them up as soon as they come on the market. All we are doing is setting a new foundation of buyers in solid 30 yr fixed loans. Once economic conditions improve, all the foreclosures are bought up & people are making decent money again we should see some solid ground to stand on……….let’s keep our fingers crossed for the alt energy & science, stem cell something soon”” boom, when? I have no clue; if I knew the answer to that I would be on a beach somewhere not writing these blogs!! As long as history repeats itself we will eventually be in good shape again. Lets not ever forget these times people! You know what’s funny is we are going to be like our parents & grandparents all conservative in 20 yrs all super conservative from the lessons learned “back in the day” the mid 2000’s foreclosure era…lol

Livermore ca real estate agent. StevesHomeSearch.com.Steve Eveleth. Livermore ca real estate news.Livermore ca foreclosures. Livermore ca home search

Steve Eveleth 925-487-2246 not your average suit & tie smiley face realtor. One that is here to help you . No sales or BS along the way. I should not have to “sell” you anything. I should instill your confidence in me that I’m the right realtor for the job of handling one of your biggest financial transactions of your life & taking care of you along the way
GET PREAPPROVED, GET OUT THERE SHOPPING OR BOTH, ALWAYS A QUICK RESPONSE (find out in less than an hr if you can get into a home)
http://www.steveshomesearch.com/bin/web/real_estate/AR202865/ACTIVATE_FRAMES/HOME_FINDER/Livermore/1243199721.html
Steve’s video on how to shop in this current market
http://www.youtube.com/watch?v=M1dyagct9SE
Win the lotto this is not a joke or a marketing ploy, go ahead check it out!
http://www.steveshomesearch.com/bin/web/real_estate/AR202865/ACTIVATE_FRAMES/CONTEST/Livermore/1243199721.html

"highest & best" game banks play by Steve Eveleth

2009-06-06T13:16:00.000-07:00

The "highest & best" counter offer game the banks play with poor buyers from Steve Eveleth
Since mid to end of 2008 & current 2009 the entry level market is cooking for first time buyers. 90% of low priced bank owned homes are getting 5-10 sometimes even 20 offers in the East Bay, Central Valley & Contra Costa counties. When the banks get multiple offers they counter everyone back at what they call "highest & best" meaning they are not going to tell you how much they want, how much other offers are or even if there are any other offers. They are simply telling you how much do you want to pay for the home what's your "highest & best offer" this is the most difficult situation to deal with because it makes the buyer completely do a back flip in their mind because the first thing you as a buyer think about is "getting the best deal" & price negotiation" well there is none that's just it. The banks purposely throw REO's on the market 3-5 even 10% under comps because for one they have to move them quick to get off the books (banks are not in the business of property management) two, they know they will get multiple offers so they can pick the best one with the highest price that they think has the best chance to close! First question buyers ask is well how much are the other offers? How many other offers are there? How much do we need to put in to get our offer accepted? The difficult part for a buyer's agent is answering don't know, don't know don't know!! AND WE REALLY DON'T KNOW with the highest & best game it's like spinning the wheel of luck. There is no way to tell how many offers there are, how much they are or what bank is willing to take to choose your offer. There are a few things to improve your chances like for instance 20% down conventional loan verse FHA 3.5% down, banks usually would pick the 20% down over the FHA because they think it would have a better chance at closing. Of course cash offers usually always trump the other offers.....now heres a twist (and there’s always a twist with REO's somewhere in each transaction thats different from the rest) is this: I have seen banks choose a FHA offer over cash or 20% down...why is this after what I just mentioned????Bottom line net that’s it....you see some banks don’t care about cash offer they are looking at highest new profit, other banks dont care about net they want it to close quick & don’t want to wait for financing.......this is where it gets challenging for agents & there clients...dealing with the banks is like dealing with the wizard behind the curtain, we simply do not know what the bank is going to do...the old days of inside politics with all parties involved is non-existent with the banks.....we play buy there rules & spin the wheel...just like at Vegas, that’s how you have to look at it when shopping right now....

livermore ca real estate news: salesman or humble servent?

2009-05-24T15:28:00.000-07:00

My name is Steve Eveleth. My job is to help people with my experiences, knowledge in the real estate industry so they can make informative decisions in which they can get themselves positioned with one of the biggest financial stepping stones in their lives. Buying or selling a home! I am a licensed real estate broker in the East Bay Area of California. I do not consider myself in "sales" I think if you have to "sell" someone into buying or selling a home you are going about it the wrong way.Livermore ca real estate In fact I think if someone feels like you are trying to talk them into something they don’t want to do they may get down right offended! and remember first impressions are everything in this business. People don’t care how much you know until they know how much you care. Bottom line is this: chances are if a home buyer or seller is in contact with me they already know what i do. They already know how much my commissions are. More than likely they want to know if im going to do a good job for them with what they already are in contact with me for in the first place. yes real estate does take what’s called lead generation, which is finding the people who are looking to buy or sell. Now that is where the work for most agents begins, especially if your new in the business.......if you are "old" in the business chances are you have been in the real estate game for a long time. Many agents that have been around for a long time have established cliental already & 80% of their business is referrals. So to buyers & sellers im here to share, care & help you get the most from me with your real estate transaction. To agents out there that need help being successful im here for you ............when you focus on being the best you can be in the true interest of helping people the money part of it will naturally come on its own....I never could understand while people consider real estate a "sales" job.... steve eveleth livermore ca real estate agent top producer 2008

Livermore ca real estate agent real estate news

2009-05-18T10:46:00.001-07:00

Current market conditions Steve Eveleth Blog 5/17/2009
Well the entry level market is certainly taking a turn toward a seller’s market that’s for sure. On average there are 3 to 5 preapproved buyers for every bank owned home that comes on the market in the East Bay area & central valleys. Reason for this is low prices, great rates & demand demand demand!! First time buyers make up a whopping 71% of all purchase since early 08. Remember how it was in the early 2000’s when everyone was buying up properties like crazy? Here is what’s similar & why that is happening again. Low rates, high prices & adjustable loans that allowed you to pay a portion of the interest letting you purchase way higher priced home because you had a low payment with a neg am loan. This combination sucked up the inventory like crazy Well check this out now: low rates & fixed loans & inventory getting sucked up like crazy, what makes this happen again is prices have come down now with fixed rate loans verses the adjustable loans making affordability the same. Its simple High prices with neg am loans, low prices with fixed rate loans equal same payment equals affordability gab!! We are simply creating a new foundation of buyers in solid 30yr fixed loans…….start seeing some price increases soon everyone….then the big: moving up “boom will start soon!! Where will you be positioned when it happens? http://www.steveshomesearch.com/ Steve Eveleth, my job is to get you into a home!

Best deals in Livermore ca real estate by Steve Eveleth

2009-02-10T09:36:00.000-08:00

Attn buyers::::: dont get your heart set on these beautiful low priced homes youare picking from the internet when you are getting ready to shop with your realtor These properties getmultiple offers within the first couple days they are on.They also aregetting 5 to 15% over asking price in the Livermore & especially Mountain House area. the bank prices them low to getthe quickest true money the market will bring. They also have manyoffers to pick from so they have a better chance at closing it. Youwill not see them pending sometimes until a couple weeks later untilthey are fully negotiated & in contract. These good deals are possibleto get but its a challenging process on bidding above & beyond askingprice, quick offer submission & being at the right place at the righttime.We can persue them but it may be a lot of dropping what you aredoing every other day or so & going to look at them quick & writestrong offers for over asking to have the best shot at them. Know what you want, dont lollygag around because they are gone. The deals are out there folks you just need to know how to get them. For all those free minded folks who think they dont need a realtor???? You will be spinning your wheels for a long time trying to get one of these deals. You must have an aggessive realtor that monitors MLS everyday,as soon as a good deal pops up I call you & we go look at it that day. You must know what you want ahead of time, be preapproved, ready to make quick decisions. For all the people out there that think its a "buyers market" & you think you will get something for noting by writing low ball offers you will be wasting your time & the agents time. Heres a hint if you have a realtor that knows what they are doing in this current market or not. A good agent that is currently closing deals will know what it takes to get one of the good deals. They will not waste there time or yours. A good agent like myself will ask that you trust that I know what im doing. If you want to do things your way & not take advantage of my knowledge & experience in this market then we would not be a good match. This is why you get a realtor people so they can do all the work for you. You have to trust that we know what we are doing & want to get you into a home as much as you do, remember its what we do for aliving to! A good realtor will know how to do what they need to to get you a deal & not be afraid to tell you how it is if your not being reasonable with how your going about the process of buyuing a home. I shot straight from the hip, if you want a good deal & come along for the ride , great if not good luck out there, hope this blog was helpful!
Steve Eveleth steveshomesearch.com & getinahomenow.com
Keller Williams in Livermore ca real estate exclusive buyers agent 2009

No BS with Steve Eveleth Top producer Livermore Ca

2009-01-08T11:50:00.000-08:00

Steve Eveleth shots straight from the hip on real time current market conditions. I have a entire team now to better serve my first time buyers in the Livermore, Mountain House & tracy areas! Livermore first time buyers are where the market is....grap its while you can....agents I always looking to expand my team for the right qualified individuals....experienced agents only! You must eat breath & sleep real estate! Part timers need not apply!

a bit about the market to first time buyers!!! Livermore Ca real estate news 1/10/2009
A little about the Livermore market. WE SEEM TO BE AT BOTTOM. This is because any SFR 3/2 that comes on the market under $350k gets multiple offers first few days it's on. This has been going on for a while. The only reason we are not seeing any price increases yet is because there is still enough bank owned homes coming on the market so demand is not outweighing supply....YET. Buyers beware of short sales. They are giving everyone a very false sense of what the market is actually doing because all you see is a low priced home staying on the market for a long time...that's because its a short sales. ONLY 7% OF SHORT SALES ACTAULLY GO THROUGH. DONT WASTE YOUR TIME! What you & your realtor want to go after is REO's & private seller homes! Banks most REO's priced under $300k anywhere Livermore Tracy & Mountain House are moving quick! Don't listen to the media, first time buyers are snatching these low priced homes up....its a no-brainer to purchase right now...rates are low, loans are insured, you now have a tax write off, closing cost credits are doable.....everyone also knows that real estate is a long term investment . Are you going to make $50k in equity in 2 months? Probably not. Will you make a million dollars over the course of the next ten years? If history repeats itself you will. Where will you be when the market starts going up again? If you are asking yourself is it the right time to buy ask yourself this:::Do I like the home? Do I like the area? Do I like my payment? Do I need the write off? Do I want to leave something of value to my kids or family? Do I want to feel the pride of home ownership? Do I want to tell my landlord to kick rocks???If you answered yes to most or all of those questions....then it becomes a logical decision instead of an emotional decision....write it down on paper...then ask yourself if not now.....when????

Steve Eveleth StevesHomeSearch.com Local Livermore Ca top producer agent
also for all buyers info::: Bank owned, REO, foreclosure ALL MEAN THE SAME THING! Don't be miss lead thinking you are getting a good deal because a home is listed as a "foreclosure" doesn't mean anything they are all priced the same! Bank owed, foreclosure, REO all mean the same thing. Marketing is a powerful thing! Don't be fooled, call Steve Eveleth for no bs straight talk about where the market is & what you need to do to get into a home. The StevesHomesSearch team. Livermore Ca Keller Williams 2300 first st suite 216 is where you can find me! Stop by to chat , coffee or tea on me! 1/10/2009!

Livermore real estate Stevehomesearch.com Bank owned Homes

2008-07-17T14:01:00.000-07:00

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

2008-06-18T11:44:00.001-07:00

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

2008-06-09T14:32:00.000-07:00

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

2008-06-05T15:23:00.000-07:00

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

2008-06-03T11:06:00.000-07:00

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

2008-04-12T13:01:00.000-07:00

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

2008-02-28T22:48:00.000-08:00

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

2008-02-13T22:50:00.000-08:00

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

2008-02-02T01:40:00.001-08:00

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

2008-02-02T01:05:00.000-08:00

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

2008-01-21T09:54:00.000-08:00

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

Livermore real estate agent steveshomesearch.com

2007-10-08T23:42:00.000-07:00

Livermore real estate news
www.StevesHomeSearch.com
Steve EvelethI really believe we are starting to see the bottom, prices have been leveled off for a couple months now…in Livermore that is. There are a lot of people waiting on the fence, and when they all decide to jump off, history says that’s when the prices go back up, more demand, less inventory, specially in the entry level market where there is always more demand…just something to think about. Of course this is all theory & speculation based on past real estate history… who knows when “the time” is right to jump. I know I am going to hold my properties & ride the wave. Livermore real estate is bound to go up again & when it does everyone will be doing what they’ve always done. That is run out & start purchasing again. Investors will come out, first time buyers, second home owners. One thing that is holding that back from happening now is the financing mop up that is still taking place. The banks will come out with new programs, government will up FHA limits, private investors will buy notes on wall street again. Livermore real estate Another thing we can look forward to is solar & bio-tech, alternative fuel. These will all create great economic factors that will contribute relative to the hi-tech boom in the early 2000’s. People will be rolling again in dough, spending it as fast as they earn it……that’s what we do. repeat history over & over again….till there’s no history to repeat….www.StevesHomeSearch.com

Livermore ca real estate pleasanton ca agent

2007-09-08T23:22:00.000-07:00

I will manage your investment property for free for 1 year for using my exclusive buyer agent services.Steve Eveleth Livermore real estate agent. This includes:::Free tenant placementFree marketing of your rentalFree quartly property inspectionsFree credit report ran on all prospect tenantsFree employment, reference & income verification of tenantFree lease & disclosures drawn upFree contactor rescorces from management for all maintenance & repairsFree move-in move-out inspections of property
Livermore rents are up 20% in past year. FHA is currently working on bail-out, re-fi, 100% no money down programs as we speak. History & current events facts say the current real estate market we are in will change. Now is still a good time to buy investments while the good deals are available. This will not always be the case. The current inventory & buyers market advantages could change soon. Dont do what everyone else is doing....when eevryone else starts buying again you will wish you would have made a move while you had the chance...
Steve Eveleth 925-487-2246http://www.steveshomesearch.com/

Livermore Rental Market off the hook by Steve Eveleth

2007-08-16T13:45:00.000-07:00

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

2007-08-13T16:54:00.000-07:00

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

2007-08-11T13:55:00.000-07:00

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

2007-08-08T14:08:00.000-07:00

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

2007-08-06T14:36:00.000-07:00

::::::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

Livermore rental market strong

2007-07-11T13:21:00.000-07:00

Heres a little info on the current rental market in Livermore. StevesHomeSearch.com I currently have a duplex available to rent that will be finished being built in a month or so. It is merely 700 sq ft with w/d hookups and a one car attached garage. I listed these places for $1,595 thinking I was a little high. The reason for this steep (so I thought ) rent was everytime in the past two years I put one of my rentals on the market for what i thought was average rent I got slammed with responces...im talking about 8 -10 reponces in 2-4 days. So I say what the heck lets see what the real market for rentals is like and whats the most rent I can get for these rentals..well iv'e got 4 respnces in 3 days already....jesus what could I really get if I leave these things on the market for two weeks or so???? 1,895??1,995????? I mean these places are 700 sq ft 2/1 with a tiny garage.....I will leave them at $1,595 and take it. I feel that is fair rent and it will cover most of my mortgage anyway....I dont like greedyness but am blown away at the high demand and the price people are willing to pay to live in Livermore...StevesHomeSearch.com

Livermore down town hype

2007-06-22T22:50:00.001-07:00

OK so whats the real deal with all the "downtown Livermore hype" Its looks like some property owners need a reality check when it comes to there expectation of realistic value of there close proxsimity to downtown Livermore.There are a couple pieces of Livermore real estate for sales on Chestnut st and 2nd st in Livermore right now. Both owners have there price about 100K over realistic market value of what there home would sell for. Notice the opporative word "would" I use that word because there home will sit....and sit...and sit....just because something is located close to downtown Livermore is not that big of a deal....yet....("yet"another opporative word)If and when downtown Livermore takes off values around immediate downtown may be a little more dersiable but come on just because you have a oversized lot that is duel zoned is great for someone to come in and build on...in a different market.... due to this sub-prime shakeout people can barely get financing to buy the house, let alone buy and build! That means the owners are marketing to investors who would build. Only problem with that is any investor knows only to pull the trigger on any purchase in this market or a purchase to built at that, is sitting on the side lines watching all the other over priced homes sitting around.So you either have to find an over axtios investor that loves to throw money around and just loves to build for a hobby with no brains or realize that your overpriced home close to downtown Livermore is only worth what someone will pay for it today! Another problem this causes is an unrealistic perception of what the market is doing based on certain prospect sellers that have homes way overpriced sitting on the market for long periods of time. So when someone asked me about the Livermore real esatte market I have to ask them...well it all depends my friend. Timing, location, pricing, inventory all come into play at the end of the day! It kind of reminds me of the gold rush(though I wasnt actually around then) but in theory from the few historys classes in school that I actually participated in I remember the simularities.I think once the performing arts theator kicks in we should see some different views of option & attraction in the downtown Livermore real estate market....who knows, its all speculation right? p.s. don't pull any light handed ribbing on my spelling, spell check doesnt work on real time blog entries....besides I said in this blog I wasnt around much in high school........www.StevesHomeSearch.com

Livermore home buyer trends

2007-06-22T22:41:00.000-07:00

Livermore home buyer trends

The average Livermore home in the entry level price range in still averaging about 60 days on the market. About 70% of all homes sold in Livermore are under 600K. (steveshomesearch.com) this tells me that homes in the mid to high price range are either out of reach for the market of buyers buying right now, or the people that can afford the higher end homes are waiting on the fence to see what the market will do, or there may be a bigger inventory of available entry level homes too… Another theory is most of the people buying right now are not buying because they think it may or may not be “the right time” they buy because they have to buy….or rent. With family’s expanding, people getting married, family wanting to be close to each other, weighing out tax advantages rent/verses own….. if they choose to rent they have no tax breaks, live under the thumb of the big bad wolf landlord, are not in a position to ride the next equity waves when it hits. Most everyone knows the advantages to buying. There are enough rescores out there that anyone that is remotely able to buy and gives it any half ass attempt will know weather they can or not pretty quickly. I say this only because its not hard these days to find out if you qualify for a loan unless you don’t own a phone, tv, talk to friends or family members or come in contact with the ever so abundant population of loan agents and realtors on every corner….www.StevesHomeSearch.com Steve Eveleth Every time rates drop it widens the gap of first time buyers in the Livermore real estate market that can now purchase a home.
Now about interest rates, if history dictates the coming months ahead, I am hoping for some rate decreases coming in the next couple months. As long as inflation does not get out of control. In order for inflation to stay under control, gas prices need to remain stable…or drop….what does gas prices have to do with inflation? Simple. It costs the realtors more to get the product to them, so they pass that cost on to you…you know who we can thank for that? That’s right Mr Bush! Did you know that most of his money is invested in oil stocks? Do you think he is worried about the price of gas???Hell no, every time he fills up he is just reinvesting his money in his own pocket!!!! OK im ganna get crazy here…time to stop, besides im way off the subject…. www.StevesHomeSearch.com Steve Eveleth

Should I use a Livermore real estate agent?

2007-06-17T00:11:00.000-07:00

So I've been a Livermore real estate for 6 years now and have been working with these new home builders recently and wanted to give everyone a little status on my progress and recent experience with new home sales near Livermore. Most of my marketing up until recently consisted of Livermore real estate homes simply because Livermore real estate is where I focus my strengths and know the Livermore tri valley the best. My recent discovery of new homes 10 minutes from Livermore real estate (if your doing 90+, kids do not try this at home!!!!) but seriously you can get to Mountain House in about 15-18 minutes and enjoy the drive and Livermore surrounding area on your way out of town. First let me tell you about the prices of these homes, can you say the word "half" yes that's right, you will pay about half of what you will pay for a Livermore home for a brand new home in Mountain House. StevesHomeSearch.com These homes come with everything you see in the models. That's right you do not get nailed with another 100K just to get your new home somewhat comparable with the beautiful model they lure you in with...and the incentives...wow....and once I get in there as your exclusive buyers agent and grind them down on price, get your incentives & your closing costs paid from builder....There is nothing more that I am passionate about then getting my buyer the best deal possible on a new home....by the time I get down with the sales reps at these places, they are practically giving the house away to us! I just spent 5 hrs on Fri afternoon neg with builder in Oakley for a buyer. The sales rep could not produce so I got on the phone with her manager, she could not get me what I wanted so I got on the phone with vice president and got what I wanted......O and then there was "the list" as soon as I blew the sales rep, manager, and VP hair back and pretty much got everything my clients wanted I brought out a list of things my buyers wanted the builder to do to the house before move in! You should have seen the look on the sales reps face...priceless. My buyers asked me before I presented the list if I thought it was a good idea, I told them a little saying I live by is this:" if you don't ask the answer is always NO!" and the funny thing about this situation was this particular client questioned weather or not it was necessary to use a real estate agent before I met with him at builder....this home was priced at 663k to start with 118k in upgrades. When I was done negotiating I got client this home for 512K all incentives, all upgrades & closing costs paid! Do you think this guy would have got that deal going in represented? You tell me! The builders sales rep would have made mincemeat out of him...you know the saying "its kind of like having sex with a gorilla, its not over till the gorilla says its over" This guy would have paid what ever the builder said he was going to pay, as soon as they knew he wanted the house...of course they would have manipulated the wording and made it sound like he was getting the deal of a lifetime....One thing I have come to realize in the real estate game is every deal is like a court trial at times....two lawyers hashing it out. if you don't have a backbone and know when to use it...in a tactful way, sometimes not, your client will see your skills appreciate your possession and never question weather they should use realtor or not...I know these particular clients will not....! www.StevesHomeSearch.com!

Livermore real estate holding steady

2007-06-05T23:57:00.000-07:00

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

Livermore Market Picking up stream

2007-05-25T00:51:00.000-07:00

While other agents are wondering what they are going to do in this so called "slow market", I am compelled to scream ALL ABOARD on the next train to Livermore. My phone rings off the hook some days from prospect buyers looking for a good deal on a piece of the Livermore real estate pie. It is my experience that anything 5-10% under recent Livermore comps there is a never ending supply of pre-approved buyer's ready for the take. With Livermore real estate being the true last stop before the "over the hill" trip I would like to say one thing to Pleasanton, Dublin, San Ramon and even Danville agents: Might as well get use to the fact that Livermore is soon going to be the place to be maybe sooner then you think.....we've got it all...where else will you find two national labs employing over 9000 people, Rodeo grounds, 48 whineries, airport, hindo temples, two lakes, unique restraunts, performing arts theator all within 5 miles??????