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Understanding the Madness in Today’s Real Estate Market

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In our almost 50 years of real estate experience, the Gamache Family has never experienced such madness in today’s real estate market.

We are seeing multiple offers, pre-emptive offers, some offers hundreds of thousands of dollars over asking price, all cash offers, buyers choosing to forego contingencies, free rent backs, and more!

Buyers are suffering from buyer’s exhaustion, with offer after offer being rejected, and emotional offers overtaking common sense in some cases.

Realtors® are working 24/7, foregoing family time, time for themselves, coming up with creative and strategic means to get deals closed, homes prepped, staged, photographed, inputted into MLS, advertised, on the market, examining multiple offers, negotiating, closing deals, and repeating the cycle over and over again.

What are consumers to think about this market and what is driving this craze?

Answers to Your Most Asked Questions about The Madness in Today’s Real Estate Market

The madness in today’s real estate market is driven by buyer demand, low inventory, historically low interest rates, the ability to live without restrictions, Proposition 19, and the exodus out of California.

As long as there are buyers wanting homes, there will also be a demand. Luckily, some people are also deciding the real estate market is hot, hot, hot and the perfect time to cash out.

Some of our clients are looking to downsize and take the equity out of their homes to afford a smaller home with less maintenance, less property taxes, and a smaller mortgage.

Others are looking to move out of state to retire, move closer to family, transfer out of state with their companies, move north to their dream home, or to experience life in another part of town or state.

Buyers and investors are taking advantage of low interest rates to get in on markets and areas that used to be out of their budgets or afford a home that has more yard, garage, storage, rooms, proximity to schools, recreation, or more.

Are Buyers Making Smart Moves and Investments?

Every buyer we work with has a reason for his or her move. We want to understand what drives our buyers to make that move and to guide them toward a move that makes financial sense.

It’s easy to get lost in the madness of bidding wars and the sheer desperation of not wanting to lose another home. We guide our buyers to making smart financial decisions while understanding the emotions that go behind their offers.

Owning a Home in the Tri-Valley Makes Smart Financial Sense

When it comes to making smart financial sense, The Gamache Team can unequivocally say that being a homeowner in the Tri-Valley is a great investment for many reasons.

Our schools, safety record, recreational opportunities, weather, climate, and location are all reasons to say, YES! to purchasing in the Tri-Valley. Our home values continue to be some of the highest in the state and the nation, putting more equity into your pocket.

Addressing Buyer’s Remorse

Before a buyer purchases a home, it’s important to consider buyer’s remorse. As a buyer, are you making an emotional or desperate decision, or are you offering a price that you can live with in a year or two?

Each buyer has to answer that question for his or herself. What we advise our clients is to make a decision that makes sense both financially and emotionally.

We guide our clients to consider the amount of money they can live with offering under the current real estate market while still being able to live the life they want to live.

If paying top dollar for the home of their dreams means they can’t afford furniture, a family vacation, or fixing up the home to their liking, it may mean we haven’t found the “perfect home.”

Working with a Realtor During the Real Estate Madness 

The smartest decision you will ever make during the real estate madness is to work with a trusted realtor with experience, great relationships with lenders, clients, and other Realtors®, and a history of success!

The Gamache Team has represented both buyers, investors, and sellers in the current market and we would be honored to work with you, too!

Contact us and let’s get your new move going!

 

 

 

How the Growing State of Uncertainty is Affecting the Real Estate Market and What this Might Mean to Home Buyers and Sellers

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2020 is out and 2021 is in! While progress has certainly been made with our global health, and we are about to welcome a new era of leaders, there is still quite a bit of uncertainty in what we once knew as “normal.”

Leaders project we may never go back to a new “normal,” where dining out, socializing in large crowds, and hitting the gym after work was quite usual.

What does this mean to homeowners and the real estate market? Sources from Inman News and other reputable experts predict that due to our current circumstances, the real estate market will continue to be a powerful force in 2021.

A Strong Prediction for Real Estate and its Impact on Homeowners

It’s been a long 10 months of sheltering in place. This new way of working and living is changing the way people are thinking about their future.

Commuting to the office or living in an area that is “close to” the office is out, and working remotely is “in.”

That means homeowners are looking for more space for a home office that is separate from the rest of the family who is also working or learning remotely.

Gym equipment is filling up extra bedrooms or garages, creating the need for more space, extra rooms, bonus rooms, or even accessory dwelling units.

Kids are moving back home, elderly parents are needing at home care, and some couples are re-evaluating their future living situations. This creates a need for different housing layouts or larger or smaller houses.

Backyards are becoming a haven, an oasis for escape. Now used as places to entertain, have small holiday get togethers, and be a resource to enjoy life instead of going out on the town, yards are one of the most used parts of the home.

What about the impact of the people moving out of the area? Some are finding their dream homes in other parts of the state or country where they can find a larger or more affordable home. Or in some instances, homeowners are moving to locations that fit their beliefs and lifestyles better.

So what does this mean for you as a homeowner? Plenty if you are thinking of Buying or Selling.

The Impact of the 2021 Real Estate Market on Home Buyers and Sellers

If the thought of moving into a new home for any reason is appealing to you, you will be one of several home buyers who are competing for limited inventory.

This means you need to be ready with a loan approval in hand and a strong offer. Consulting with a reputable Realtor® who has experience with a tight market will be in your best interest.

If you are seller who wants to cash out in a strong seller’s market, you want to make sure you list your home with a Realtor® who will position your home to sell quickly and for Top Dollar. Preparing the home to attract as much attention as possible with brilliant professional photos, staging, and strong marketing ensures you get a home buyer who sees the value of your home and will pay you the price you deserve.

Contact The Gamache Team for Your Home Buying and Selling Needs

The Gamache Team has been especially busy this last year helping home buyers and sellers with their real estate needs. With a strong seller’s market, it is imperative you work with an agent experienced in the sale and purchase of a home in your market area.

No one wants to leave money on the table; The Gamache Team can help prepare, market, and sell your home in the Tri-Valley area for Top Dollar.

Should you be moving to our beautiful Tri-Valley area, we welcome you to view our communities then call us to help you purchase your home. We know the area, the other Realtors®, and the price you should offer to help your offer get accepted.

Please contact us; we look forward to helping you in 2021 and beyond, no matter what the market has in store!

 

 

What Buyers and Sellers Can Learn from Superbowl LIV

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An imaginary stadium is modelled and rendered.

If you aren’t aware by now, the Kansas City Chiefs clinched a 20-31 Victory over the San Francisco 49ers in Superbowl LIV, overcoming a double digit deficit and scoring 21 points within minutes in the fourth quarter.

MVP, Patrick Mahomes, is known for his come-from-behind victories, which gave the Chiefs their first Superbowl win in 50 years under Coach Andy Reid.

How Superbowl LIV Relates to Real Estate

As Bay Area sports fans who enjoy great competition, The Gamache Team would like to demonstrate what buyers and sellers can learn from Superbowl LIV.

First, it’s important to take the advice from a strong leader, someone who makes the plays that get results. The San Francisco 49ers head coaches, Kyle Shanahan and Andy Reid, both led their teams to Championships and to the most important game of the season.

The Gamache Team has championed the real estate goals of buyers and sellers in the Tri-Valley for decades. Much like the relationship between father and son duo, Mike and Kyle Shanahan, Dan Gamache has taken the lead and learned from his father and grandfather.

The results? Both Superbowl Teams and The Gamache Team come from a strong line of leaders.

Second, it’s important to remain calm and steady until the whistle blows and the game clock runs out. 49er fans agonized over the triple touchdowns Mahomes pulled off in the fourth quarter and watched as Garappolo and the 49ers panicked under pressure.

When buyers and sellers are trusting a realtor with the purchase and sale of their most expensive asset, it’s important to work with a realtor who remains calm and steady until the transaction is complete. The Gamache Team has a reputation for handling tough situations and personalities, which results in a steady transaction from beginning to end.

Thirdly, it’s equally important for buyers and sellers to never give up on their dreams. Even with obstacles that seem like challenges, it’s imperative to persist until the dreams become a reality.

Take, for example, the 49er’s assistant coach, Katie Sowers, who is the first female coach in Superbowl history. She dreamed of being on a football team since she was a little girl. Reading from her journal, Sowers reminisces, “I hope, someday, I will be on a real football team.”

The Gamache Team has assisted buyers and sellers with their real estate dreams since the early 1970’s. Working side by side with their clients, The Gamache Team listens to their clients’ real estate objectives, plans within their budget, assists with every aspect of the transaction, and works tirelessly until the keys are in the right hands and the paperwork is delivered.

If you have a real estate dream, talk to The Gamache Team. They are friendly, thorough, approachable, and much like Mahomes, Garoppolo, Reid, Shanahan, and their Chief and 49er organizations, much appreciated and respected by their fans.

Contact The Gamache Team for Your Real Estate Goals and Objectives

The Gamache Team is the perfect blend of experience, energy, and knowledge to offer unmatched service to all our clients! We are known for our expertise in listening to our clients’ needs and guiding them to make their real estate dreams a reality.

Whether you are looking for your first home, a second home, vacation home, investment property, or commercial or industrial property, the Gamaches have over 50 years of industry experience. (925) 918-0332.

The Housing Market Forecast:  What to Expect in the Real Estate Market in Q4 and Beyond

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As realtors® and homeowners in the Tri-Valley, The Gamache Team is keeping our eye on the trends in the real estate market. Our clients count on us to price their homes to sell quickly and at a price that attracts a lot of buyer attention. Buyers depend on our knowledge of real estate to guide them to make smart financial decisions in regard to real estate.

2019 saw a sturdy economy with unemployment being the lowest in years, interest rates reaching an exciting low, mortgage applications on the rise, and the sale of existing single-family homes showing a year over year gain for the third consecutive year, according to the California Association of Realtors®.

As we reach the end of the year what can the Tri-Valley expect to see in terms of the real estate market?

Is Now the Best Time to Sell or Buy in the Tri-Valley?

Several sources predict the real estate market in Q4 and beyond will remain strong and steady, creating a more balanced market.

Sellers need to be realistic that home sale prices will be less inflated than in months past, but with less inventory, buyers will be competing for the available homes. Another change of which to be aware is that homes are expected to take a little longer to sell and will not receive multiple offers.

Buyers can expect the traditional transition of less homes on the market due to the holidays, but this can be a positive motivator for buyers who do not want to contend with multiple offers and inflated asking prices. With interest rates projected to remain low, Q4 and the beginning of Q1 is a great time to buy a home.

First time homebuyers and millennials will likely be some of the most active buyers, with low unemployment and favorable interest rates.

What Does the Housing Market Forecast Mean for Investors?

It’s always a good idea to discuss your real estate goals with a trusted financial advisor and to search for a full-time, professional realtor who is familiar and serves the area you are interested in investing.

Whether you are looking for a 1031 exchange or a new property, Q4 and beyond are a great time to invest. New construction is up, and the availability of homes still creates a strong market. Taking advantage of low interest rates can put valuable money that you worked hard for back in your pocket.

Contact The Gamache Team for all of Your Real Estate Needs

The Gamache Team is the perfect blend of experience, energy, and knowledge to offer unmatched service to all our clients! In any phase of real estate, The Gamache Team is prepared to handle it with you. With over 20 years of Tri Valley real estate experience, The Gamache Team is ready to give you the best service possible! DRE #01237538

 

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