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!