If you’ve been thinking about buying a Livermore Valley home but haven’t put your plan into action yet, now is the time to do it! Predictions have been made that as home prices and home sales continue to rise, historically low mortgage rates will fade away. Mortgage rates did rise this week, so that’s a good indication.
When you’re ready to buy a Tri-Valley home, contact me, your Livermore Valley real estate agent! I can help you find the home of your dreams that has what you need and is in your price range, and I will work as your advocate to help you negotiate a price and make a bid that works for you.
One important tip when buying a home is to choose one that will have lasting home value. What does this mean? Down the road, when you decide to become a Tri-Valley home seller, you’ll want the home to be worth as much or more as it is now. That’s what makes homeownership a great investment opportunity, unlike renting, where you never see that money again.
How can you ensure that you buy a Livermore home that will keep its value for years to come? Here are some tips:
- Location. Since you can’t lift a home and move it to a better location, you’re pretty much stuck where you are. You want to choose an ideal location that will still be ideal down the road. Are there good schools nearby? Parks? Is it quiet, but close enough to restaurants, shopping and nightlife? Are there jobs? Is transportation convenient? Think about what makes a home’s location ideal before buying it. (Luckily, Livermore, Pleasanton and Dublin are full of great neighborhoods that fit these categories!)
- Rooms. No matter what happens in the future of real estate, rooms will always hold value to homebuyers, especially if they are moving up and growing their families. Right now, the ideal home is usually a home with two or three bedrooms and two bathrooms. If you find something similar to this size, there’s no doubt it’ll keep its value for years to come.
- Age. Newer homes will hold their value longer than older homes, unless the older home displays impressive architecture or a historical context. (Frank Lloyd Wright homes will never go out of style!) A newer home means that everything is newer: roof, water heater, furnace, windows, appliances, insulation. The older the home is, the more issues that might come up.
If you have questions about any of this, contact me, your Livermore Valley real estate agent! I know everything about homes in the Tri-Valley real estate market, including values. I can help you find a home that suits your needs now and in the future.
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