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October Real Estate Statistics showed a continued disparity between listing price and closing prices on local real estate transactions.
November 2011 Lafayette CA Real Estate Market
I am already, though, seeing a large increase in movement in the Lafayette CA real estate market in November. New seller listings are coming out closer to market pricing and that means those properties are moving faster.
Advice for Lafayette Home Buyers
Here’s my advice for Lafayette home buyers looking to find a home as we move into the holidays:
(1) Interest Rates Matter. Don’t miss the Interest Rate window. Focus on the all-in-costs of your real estate transaction rather than on purchase price alone. Factor in the current phenomenal interest rates available. One of my clients just locked in a 30 year fixed-rate jumbo loan for 4.1%.
(2) Seasoned Local Agents have Inside Info. Pick your agent wisely and then stay close. MLS searches are missing opportunities. There are many off-market transactions taking place amongst these seasoned agents, particularly for plum Lafayette, CA properties priced to sell and focused on only serious buyers. Pocket listing news spreads via email and other local networking options, rather than the MLS. If you want to make sure you hear about pocket listings in Lafayette, add your name to the Dana Green Team “sneak peek” list by entering it in the box at the upper left hand corner of any page on the Dana Green Team website.
(3) Take a Closer Look at the Current Inventory of Lafayette Houses for Sale. Are you sure there isn’t one you’d love to call home? If it’s been on the market for a while, you’ll likely see a price change. Watch reductions carefully. There are great homes in Lafayette that have been overlooked. This means opportunity for you.
If I can be of help to you, please let me know!