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real estate market tips for sellers

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 State of the Real Estate Market…Is Now the Right Time to Sell, Buy, or Hold Tight?

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Real estate made headline news in December, with home sales up 3.6% or 5.54 million units, the highest sales pace since February 2018, according the National Association of Realtors.

Due to mortgage rates being a full percent lower than the same time last year, sales were up 10.8% year over year.

Inventory made the most significant news, as the number of homes for sale hit an all-time record low of 1.4 million, down 8.5%. This is the lowest supply of homes for sale since 1982 when inventory started being recorded. ( Existing Home Sales Climb 3.6% in December)

Factors Affecting the Real Estate Market

In a strong economy, with steady job growth, low unemployment, and mortgage rates remaining relatively low, economists predict the real estate market will remain strong.

Lawrence Yun, NAR’s chief economist, states, “We saw the year come to a close with the economy churning out 2.3 million jobs, mortgage rates below 4% and housing starts ramp up to 1.6 million on an annual basis,” he said. “If these factors are sustained in 2020, we will see a notable pickup in home sales in 2020.”

Millennials remain a large force of the buyer’s market in 2020, as well as other First-Time Homebuyers. However, the shift in homeowners staying in their homes longer, 13 years versus 7 formerly, creates a lack of inventory in the market and a surplus of buyers.

The supply and demand principle then lends itself to higher market prices and more competition, which could edge out some of the buyers.

Should You Stay or Should You Go?

The ultimate decision to sell or purchase a home is ultimately up to you. Sellers have the edge right now, but buyers have the incentive. With the spring market coming upon us, now is a great time to make the decision to sell or buy.

Without a crystal ball, we do not know how the market is going to fair in the next few years, so sitting tight and holding onto your asset remains unpredictable.

If you are thinking of cashing out in the near future, your chance of getting a lot of interest in your home, which equate to a higher amount, is in your favor.

Is Now the Right Time to Buy?

Depending on your situation, now may be the right time to get approved to purchase a home. If you lock in a rate, you are in good shape to afford more for a home. With an approval letter in your hand, you look more solid to sellers who may accept your offer, knowing you are qualified to afford their home.

However, with a lack of inventory, you may not find the exact home of your dreams, and you may want to wait for more of the spring market to appear. On the other hand, you may be competing with a lot more buyers; investors and second-home buyers may have cash to offer, which is very appealing to a seller.

Contact a Professional Real Estate Agent in the Tri-Valley Area to Help You Make an Informed Decision 

If you are on the fence about buying or selling a home, it’s wise to contact a professional Realtor® who can help you make a more informed decision.

The Gamache team has decades of family experience helping buyers and sellers in the Tri-Valley area. We live here, raise our family here, play, volunteer, and work here. We are invested in the area, and we would be honored to be your Realtor® of choice.

If you would like more information on our services or how we can help you make a real estate decision that is right for your needs and not ours, please contact us (925) 918-0332 or dan@gamacheteam.com.

 

 

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