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Bay Area Market Trends: What Buyers are Looking for in a Home

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Ask a homebuyer what features were important to him or her 20 years ago and chances are, the answers would be quite different than they would be if you asked that same question today.

With homebuyers currently staying in their home an average of 14 years (the Zillow Group Report), location, schools, larger kitchens, Smart Home technology, ability to personalize, outdoor living space, and a dedicated space for a home office top the list of must-haves in a new home (https://www.realestateagent.com/blog/what-are-home-buyers-looking-for-in-2020/).

Today’s Homebuyers Need to Be Prepared in Order to Have a Fighting Chance

Market inventory remains low, causing a surge in buyers offering over asking price in some cases, writing personal letters, paying cash, and negotiating quick closes with clean buying terms.

Buyers who want a chance at their dream home need to come in pre-approved and with a Realtor® who is skilled at negotiating terms that a seller cannot pass up.

Furthermore, it’s not always the highest offer that gets accepted; we have known sellers who were happy to choose our clients because of the way we positioned them on paper and in person.

Showing proof of employment, funds, pre-approval, and a genuine desire to own the seller’s home versus owning any home makes the difference to some sellers.

Choose a Reputable Realtor® with Proven Results and a Good Reputation

The Gamache Team is proud of our years of experience and reputation in the real estate industry. We are third-generation Realtors® who have been helping buyers, sellers, and investors with their commercial and residential needs in the Tri-Valley area and beyond.

We have a long-standing presence in the community as homeowners and investors who also give back and contribute to our community.

If you would like to work with The Gamache Team, please contact us. We offer a no-commitment, no stress service to guide you to make the best real estate decisions now and in the future.

Take a look at the Communities we serve and let us know if we can help you with your real estate buying or selling needs.

For Sale in El Sobrante!

Here’s your chance to own your dream home in the El Sobrante hills. This magnificent home at 3449 Stewarton Drive offers 4 bedrooms, 3 baths, and 1,980 square feet of living space.

Newly remodeled, the flowing floor plan offers space with room to grow. Gleaming hardwood floors, a kitchen with granite counter tops and stainless steel appliances, an upstairs bonus room that can be converted to a workspace or in law unit, and an enormous backyard make this an ideal home for years to come.

It’s your chance to own this home in a great community! Find out more information or call The Gamache Team to make this home yours! (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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