Livermore Real Estate: Don’t Freak Out, Focus on THIS

In the last 60 days, 186 homes were sold here in Livermore with an average list price of $1.2 million and an average days on market of 30. There are currently 147 active homes on the market with an average days on market of 42.

Yes, the market continues to shift…homes are taking longer to sell and buyers are taking things in stride. If you’re in the market to buy or sell…this is not the time to freak out…instead focus on the following tips we have for today:

If you’re a buyer….
It is still a good time to get IN to the market and become a homeowner. You have less competition than years past and more negotiation power. Instead of focusing on the interest rates, focus on what your monthly payment would be. Talk to your lender about rate buy down programs they offer. In some cases, you may be able to lower your rate anywhere from 1-3% for a period of a few years OR better yet, the entire length of your loan. Also, be sure to have your Realtor ask the listing agent if the sellers are open to any potential credits that could be used for the rate buy down or other closing costs.

If you’re a seller…
Know that while homes may not sell for considerably over asking, on average they are still selling at 98% of list price here in Livermore. Instead of focusing on the market behind us, focus on the market we are currently in…which requires smart pricing and right home prep, along with expert marketing to get your home the most exposure as possible. You can also consider enticing buyers by offering a credit toward a rate buy down or other closing costs.

If you have questions about buying or selling here in Livermore, we would love to chat or set up a consult with you.