If your appraisal does not come in at the purchase price then what? Buying a home in the Tri-Valley values are not always what the buyer and seller agree upon. Then what?
New Livermore Listings
Livermore introduced 18 new listings the first week of March 2011. There are a total of 249 homes for sale in Livermore CA. Inventory is still on the lower side and homes are selling quite well. Here is a brief summary of a few homes that came on the market this week.
783 Wagoner Dr. is a nice home in Sunset West that is 3 bedrooms 2 bathrooms with a 2 car garage. The home is 1580 sq ft and it is listed for $370k. Read all about this lovely neighborhood here!
1592 Mallard St. is a large home in Maralisa. This home is 3 bedrooms 2.5 bathrooms with over 2377 sq ft of living space. This is a short sale and it is listed at $495k. Read more about Maralisa here!
67 Medina St is a nice single story in the heart in Livermore. This is 4 bedrooms 2 bathrooms with 1798 sq ft of living space. Read about this lovely neighborhood of Autumn Valley here!
10555 Morgan Territory Rd. is ranch in North Livermore. This property has 5 acres with a 2601 sq ft home. This is a foreclosure and a fantastic price of $574k. This home will go fast!
2648 Saint Helena Ct. is a beautiful single story home in Livermore. 4 bedrooms 3.5 bathrooms with over 3500 sq ft of living space and listed for $849k.
2502 Bess Ave is a custom home in South Livermore! This single story home is 4 bedrooms 3.5 bathrooms and almost 3300 sq ft of living space. This home is located up against the Tapestry neighborhood. It is listed for $939,000.
If you would like to view any of these properties give me a call!
Livermore Real Estate Market Update!
The Livermore real estate market has been low in inventory for several months. The total number of homes for sale in Livermore has been around 200 properties. On the week of Feb 14-20 the market got a shot in the arm with over 30 homes added to the market. There are a lot of buyers waiting for inventory like this and now there are several more homes to look at. Here is a brief description about a few homes available in Livermore.
423 Laguna Ct is a Antigua model in the Sunset West neighborhood. This is an updated single story home that has 3 bedrooms 2 bathrooms with 1519 sq ft of living space. The home has had everything remodeled recently and it is offered at $443,800. Read all about Sunset West here!
5289 Kisa Ct. is a beautiful home in Wagner Farms. This 4 bedroom 2 bathroom has 1758 sq ft of living space but the best feature is the lot size is 9611 sq ft of land. The house and yard is in excellent condition. The list price is $458,750. Read about this neighborhood here!
437 Knottingham is a gorgeous home in Portola Glen. The home is 4 bedrooms 3 full bathrooms with 2540 sq ft of living space. The home is on a large lot of 8547 sq ft of land. This is a great price for this great home at $639,950. Read about this great neighborhood here!
5639 Elder Cir is in Lindenwood of Livermore. This home is 5 bedrooms 4 bathrooms with 3307 sq ft of living space. This is a great price per square foot at 219 a foot with a list price of $724,950 wow! Read about this neighborhood here!
3063 Rodeo Ln is a custom home in South Livermore. This home is a foreclosure and a great value. It is 5 bedrooms 4.5 bathrooms with 4190 sq ft of living space. The list price is $869,950 which is only 208 a foot, double wow! This home is a must see!!!!
Hot New Listings in Livermore
The week of November 1st Livermore introduced 25 new homes for sale. There are some beautiful homes that came up on the South Side of town. 2324 Rock Point Place is a beautiful home in The Oaks. This home is 3405 sq ft of living space on a large lot for $1,039,000. 1125 Orchid Place is a another sharp home in the Prima subdivision. This home is 3532 sq ft that is listed for $955k. The best buy of the week is 716 Traviso Cir which is in the Alden Lane neighborhood. This home is 3655 sq ft and is listed at $899k. That is only $246 a square foot which is a great price for that location. There was also a foreclosure that came on the market in The Bluffs subdivision. 2179 Bluffs Dr is 3584 sq ft of living space and listed at $749k. That is an awesome price for the home although the location is on the outskirts of Eastern Livermore. You can view all these homes by clicking here!
Is now the right time to buy a house?
Simple answer is absolutely! The interest rates are ridiculously low and most likely will not get any lower. Inventory is on the lower side but there are still some nice homes available at good values. Concerns that will always be out there are where is this market going? You are always going to ask yourself this question and if there was certainty in anything everyone would be doing it. Is your job safe is another concern; well only you can answer that? If you have concerns regarding your job status research it more. Talk to your employer and let them know you are planning to buy a house. Maybe you want to save more money, well by the time you save enough money this market might pass you by. In another year or two the short sales and foreclosures should be cleared up and growth should begin. Yes interest rates will rise but they would have to double to maybe have an effect on prices. The government knows the economy needs real estate to come back and they will keep rates attractive. In the late 1990’s and early 2000’s interest rates were 7-8% and that was at the start of the boom. Homes will still sell when rates increase. Take a leap of faith and do it!
