Advice for Livermore Valley Home Sellers & Home Buyers!

home purchase offerHave you wanted to sell your Livermore Valley home but have been waiting for home prices to rise and equity to return? Have you wanted to buy a Livermore Valley home but have been busy saving up a down payment and paying down debt? No matter what has made you wait to accomplish your real estate goals in the Livermore Valley real estate market, now is the time to act!

As your Livermore Valley real estate agent, I want to update you on the latest market news for Livermore Valley home sellers and Livermore Valley homebuyers. Whether you’re one, or both, here are some tips from MSN Real Estate that I’ve summarized for you.

Livermore Valley Home Sellers:

  • Jump-start the process now! The sooner you sell, the better, before competition from other sellers and new homes starts increasing. Sellers usually don’t realize how long the process takes, so begin to clean, declutter, organize and stage your home now. Also, consider getting an inspection done before listing your home, so you know what needs upgrading or repairing. You could also visit a couple open houses to get ideas for staging your own home.
  • Work the market in your favor. With prices up and inventory low, the Livermore Valley real estate market is in your favor right now! You still have to work it intelligently, though. Work with a Livermore Valley real estate agent that is familiar with the market and what homes are selling for. Don’t just go with the agent that promises you the best price. He might be bluffing. If you’re getting the price you wanted, and then some, offer the buyer something in good faith, such as a fast move-in date.

Livermore Valley Home Buyers:

  • Be credit-ready! As soon as you’re ready to buy, you want to get preapproved for a mortgage. Many sellers will turn you away if you’re not, seeing you as an unserious or complicated buyer. Also, this will help pinpoint what you can afford, so you’re not wasting time going after homes out of your price range. Check your credit report, and if your credit score is below 620, work on paying off debt and raising that score.
  • Adjust your negotiating expectations. With inventory low and home prices high, lowball offers just aren’t going to cut it in this competitive market. There are a lot of eager buyers out there, trying to beat rising mortgage rates and prices, so if you really love a house, start with a great offer and respond to counteroffers quickly. You want to avoid a bidding war. Try to have a few houses in mind, in case you lose one to another buyer.

For more tips, either as a Livermore Valley home seller or a Livermore Valley homebuyer, check out the full list from MSN Real Estate.

When you’re ready to buy or sell, or you have questions, contact me! As your Livermore Valley real estate agent, I’m here when you need me!

John Kurtzer
Your Livermore Real Estate Expert
RE/MAX Accord

Livermore Real Estate
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