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Market Conditions in Livermore : Real Estate Advice

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  • Local Info11
  • Home Buying56
  • Home Selling7
  • Market Conditions2

Activity 3
Thu Apr 10, 2014
Bret Fouche answered:
A year after your question and homes continue to appreciate in the Livermore area. But what's most interesting is the rise in the rental market as a result of the increasing home prices. With the affordability index in the Bay Area being 21% over Two-Thirds of the population CANNOT afford to buy a home. So what are they doing? RENTING, or living at home with their parents! So as basic economics tells us Supply VS Demand, rents continue to increase. Therefore it STILL makes sense to buy as an investor here in the Livermore area. The condo and Townhome market is booming right now with most home owners looking to sell then buying or Upgrade their homes. Our team has already sold several homes this way where our clients had enough equity to sell their smaller homes/Condo and buy and actual single family residence. This is the current trend in the Livermore area and you can see it in the market conditions.

Whenever you are searching for possibilities as an investor I look into 2 factors.
1. Typical price point of the properties you are looking to purchase.
2. Average rents for similar properties.

You can then adjust conservatively both cases and calculate the rate of return on your investment.
After potential HOA fees, Taxes, Vacancy rates and other costs you can calculate your % of profit. Typically at the moment we see anywhere from 5-6% return on your initial investment.

There are many other ways to increase this number such as, Paying Cash (if you have it), or increase initial down payment, upgrading the property to insure top rental dollar, and so on and so forth.

Real estate investing is a great way to invest your money especially if it is a long term decision. The best part is that one day the property will be paid off and you will still have it as an asset to sell if the market is right thus increasing your net profit well over the initial 5-6%.
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Sun Dec 1, 2013
Ali Qureshi answered:
Another good website to check schools near the house is:

www.greatschools.org

Just type in the property address and a list of schools both Public and Private will come down.
0 votes 3 answers Share Flag
Wed Aug 19, 2009
Joanna Jensen answered:
Hi Waseem,
I can think of this as a two part question. Are you talking about the loan officer you are working with and should they be accountable? Yes they should and you should only work with loan officers who are very good at their job. My husband has been in the industry for over 20 years and he goes way beyond his duty all of the time. He makes sure his end of the deal gets closed. If you were to send a clients to him I guarantee it would not fall apart because of something he did. He is usually the guy who drives to the clients home to pick up docs or go to the loan signing to make sure they dont have questions. He also follows up with all of his clients. Plus something you should be aware of is his pricing. He is very competativly priced. He doesnt have a bunch of junk fees etc.

If you are talking about the lender yes I believe the should also be accountable. Are you talking about when the lender rolls out a very low rate then decides to take it back and not let anyone qualify for it?? Banks will do pre approvals but those are not guarantees. They do the same thing to my husband once in a while and it give him a hear attack. that is not in the LO's hand. Sometimes there is accountablity you need to know what the laws are.

Warmly,

JoAnna Jensen
The Bayard Law Firm
Realtor Paralegal
925 699 5041
chris Jensen The Loan guy
925 872 2626
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Market Conditions in Livermore Zip Codes

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