Tracy, CA Real Estate News

By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
Wow, 17 home for sale came on the market in Tracy today.  This is huge news for Tracy Real Estate buyers. This shouldn't be news, however we have not had 17 new listings come on the market for Tracy or Mountain House on the same day for over 4 months. Most interesting is that of the 17 over half are REO/Foreclosure properties, the other half are Short Sale and 3 were put on the market and IMMEDIATELY went to "temporary off market".  Interesting time in the Real Estate Industry. Want to see the homes that came on the market today, then click this link. Thinking about buying a home in Tracy, want to know the homes that are for sale in Tracy, call us.
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
It's hard to believe it is only Monday.  When you work short sales in Tracy as much as I do, sometimes Monday feels like Friday.  Today was one of those days.  I've been working short sales in Tracy, CA for 5 years these are the first 3 in 18 months that we have not gotten accepted YET! If anyone can help - let me know. Suntrust - 16 month short sale, we were told auction was postponed, agent in town called today to say it has been assigned to her.  I've contacted SunTrust to be told they may be able to rescind the transaction.  So we wait a while longer.  Bottom line-- please sell to the buyer - not mine-- who has been waiting 8 months.  BEST -- let me be the REO agent.     Chase - approval given for $250,000 purchase price, negotiator - poof - GONE.  Please resubmit ALL documents.  3 ...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
  You have an offer that is CASH AS IS for REO Property in Tracy, CA..... Buyer chooses to do inspections.   Inspections are completed....... Handyman says $8000 in repairs necessary, this includes CLEANING the gutters..... Your buyer wants $6000 credit for repairs..... Ms Realtor, would you please submit my buyers Request for Repairs to your seller, yes I KNOW it is a bank, yes I KNOW it stated AS IS, however I want you to ask the Asset Manager anyway. Surprise, surprise -- Asset Manager says "YES, to $6,000 credit, reduction from purchase price."   WHY?   Net is still more than bank appraisal, a cash buyer is still better than starting all over again.    Hmmm..... point proven There is No Harm in Asking for a credit when you're making a cash offer on an REO property in Tracy CA. Real ...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
This question - Is it Immoral or lacking in integrity to STOP paying your mortgage? This question has been asked over and over again. I'm not here to give an answer.  I do know that in my communities of Tracy and Mountain House, CA the real estate market has taken a 50% dive in the past 3 years.  Numerous home owners have asked this question..... Here are a couple of things to consider.... 1) The homeowner didn't borrow money from grandma, friends and then say "Sorry not paying you and you can't have anything of mine." 2) This was a bilateral contract -- the BANK agreed to loan the HOMEOWNER money, using the HOME as collateral.  What does that mean?  It means - as long as the homeowner pays the bank they get to keep their house.  If the homeowner STOPS paying the mortgage the bank get t...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
Sadly enough the FBI is pressing charges against a mother and daughter team in my local area.  They were living in Manteca, which is 5 miles away.  They had a buyer in who bought MY TRACY Listing. I can't tell you how many time I've heard -- "OH WOW, I knew them, I did business with THEM." Their offence - putting people into loans they could not afford, promising a loan modification after the first payment was made... then they would disappear. It is such a black eye on our industry. It also begs the question - should you do loan and sell real estate. I know my personal opinion is NOPE, too much potential for a conflict of interest.  I'd love to hear your opinion on this.  
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By Frank G. Silveria III, Frank Buys Houses - Sales - Property Management
(Frank G. Silveria Real Estate | Keller Williams Realty)
OPEN HOUSE 730 Glencreek Dr - Tracy, CA Friday, September 25th 10am -1pm Saturday, September 26th 1-4pm Sunday, September 27th 11am -2pm The Silveria Team will be holding Open Houses all weekend at the above property. Please see below for home details: For Sale: 730 Glencreek Dr - $189,900   Listing Information Bedrooms: 3 Baths: 2.5 Sq Ft: 1572 Lot Size: .08 acres Style: 2-story Garage: 2 Car Schools: Jefferson School District/Tracy Unified Property Description This adorable Tracy Ca home just entered the market! It includes custom two-toned paint, hardwood floors on lower level & in 1 bedroom upstairs, carpet in living/dining combo & all other bedrooms. Laminate/tile flooring in bathrooms. Ceiling fans throughout. Granite counters in kitchen, & wanes coating in family room. 2 closets...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
Today Short Sale are getting approved, and some banks want the seller to help pay to close the deal.  If your loan is with Bank of America/Countrywide, or if you have a second and YOU ARE THE SELLER _ you need to expect to PAY something to contribute to the sale of your home. 3 of my recent Short Sale approvals in Tracy CA, and one in Mountain House expected contributions from the seller. Think of it this way Mr & Ms. Seller - if your bank said to you - "Give us $10,000 and we'll  put $100,000 in your account would you do it? Of course you would.  This is a similar situation.  The Bank (loan holder) is offering to eliminate your debt in exchange for you paying something.  Sounds like a deal to me. Yes you can still go into foreclosure, and I always recommend seeking the advise of a good...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
 What is THIS? That's was the holler I heard from my buyer as they walked in to the garage. We call came running. This is a GIANT panda, that has a 2 ft high stand, I'm guessing this non-too-friendly looking panda in his stand is well over 5 feet tall. The real questions is -- WHAT WAS THIS PANDA USED FOR????  WHY IS IT IN THE GARAGE? Will the previous owners leave it for my buyers if they get thier offer accepted on this Short Sale?  Maybe we can negotiate it into the offer? So what is the strangest thing you've seen????? Can you top the Giant Panda?  
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
DO not tell me we have approval on YOUR Short Sale - when there are conditions that require my buyer to come up with cash...... My Buyer have been waiting since May to hear AN answer from the bank ON their short sale offer. I get "THE CALL" today, the message and email say "Great news the first and second have approved the short sale.  Give me a call when you get the chance" Imagine my surprise - and BOY am I glad I DID NOT call my buyers FIRST.  When I finally got a hold of the other agent this is what I heard. "Susan I am so excited we have approval on the first and the second.  Oh and BY THE WAY - the 2nd needs $10,000 MORE dollars, so your buyers need to bring $10,000 CASH to closing."  This is an FHA offer, if they had $10,000 more we would have been a conventional buyer. As far as...
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By Frank G. Silveria III, Frank Buys Houses - Sales - Property Management
(Frank G. Silveria Real Estate | Keller Williams Realty)
  Tracy Ca Dry Bean Festival We are excited to announce that the 23rd Annual Tracy Dry Bean Festival will be held September 12th & 13th in downtown Tracy. For those of you that are new to town and not familiar with this Tracy tradition, the Dry Bean Festival is a fun 2-day event for the whole family to enjoy! Festitivities will be enjoyed Saturday & Sunday including Pepper eating & Arm Wrestling contests, Chili Bean cook off, Bean Festival Queen, Princess, & Little Sprout pageants, and much more! You can keep your kids entertained in the Crafts Area, Carnival rides, or on the rock climbing wall while you walk around and enjoy over 150 vendor booths including everything from arts/crafts to delicious food. There will be live bands on 2 two separate stages, and the entertainer list will be...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
Amazingly enough I hate mornings. I'd be so happy if my day's stated at 10:00 a.m.and ended at 2:00 a.m.; however that is not my world. Imagine my surprise when I was "forced" -- yes some friends actually 'shamed' me into going with them to the "Tracy Farmer's Market."  The shocker is we were downtown by 9:00 a.m. What I found was a delightful mix of fruits, vegetables, flowers, breads, even jewelry.  I'm not sure how you grow jewelry on a farm but.... If you're out and about this Saturday stop by the Tracy Farmer's Market, it's on 10th Street between D and Central. You'll be delightfully surprised. When you see me being dragged around half asleep - just say "HI!" I'm here because of you.     Tracy CA Local Expert -- next week photos.
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
Simple Truths  - A Peacock in the land of Penguins I was asked today what makes you different, why would a buyer or seller choose you... otherwise known as "my unique value proposition".   It made me stop and think.  Am I a Penguin in a black and white world, where everything is done the same way for no reason other than "we've always done it that way"?  Or am I a Peacock, that is open to new ideas, that shares freely and hopes others will share with me.  Simple Truth's   A Peacock in the Land of Penguins illustrates this a quick 4 minute video.. What it made me realize is that the land of Opportunity is much more than a place it is a State of Mind. Status quo is part of what makes me different - I don't accept the Status Quo, and I am always looking for input from others on how to make...
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By Frank G. Silveria III, Frank Buys Houses - Sales - Property Management
(Frank G. Silveria Real Estate | Keller Williams Realty)
  Despite the lifting of the Moratorium back in February, we have yet to see a steady release of REOs as Banks decide what to do next. Since supply has significantly fell & demand remains high, prices should continue upward due to buyer competition. Short sales continue to dominate the market as REO listings are few and far between. With low supply & high demand, expect a lot of competition on desirable homes. Our advice to you: don't hesitate making an offer for more (sometimes significantly) than the list price if you really want the home. Also, being that supply is low and competition is high, FHA and VA loans will continue to have difficult times getting approval over conventional or cash offers.If you're using an FHA or VA loan, you may have to compromise on the neighborhood or con...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
The first day of school, filled with anticipation, excitement and the right amount of fear.  Not only are you moving up a grade you are part of only 2 classes to be the first to walk through the doors of a brand new High School.  Yes, Kimball High School, Tracy, CA The school is not complete, ok we're kids we can handle that.  The cafeteria isn't complete, we can even handle that - who eats anyway -- it's social hour. However, what we can't handle is the inability to get to and from the school.  Why would you put a school site surrounded by homes, with only ONE way in and ONE way out?  Why do people who live South of the school have to go North, go East, go South, Go West then finally go NORTH again to get to their homes.  About a 10 mile round trip - and I live 4 blocks away. Why are ...
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By Shelley Puentes
(Pacific Mortgage Consultants DRE #01395691)
Mountain House is the best place to live, I think, especially if you have a family. We are getting ready to have our 4th of July parade. It's just like the one I remember growing up watching in Alameda. Afterwards there is an old fashioned community picnic in the park. If you are thinking about moving here, you should definately attend this! If Mountain House might be the place you'd like to buy a house then contact me. We'll do a free consultantion and application over the phone. DRE #01395691
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
TOP 5 Reasons I DO NOT answer MY PHONE! These are mine..... what are yours........ 5.  Caller ID says it's your spouse's Mother on the other end of the line. 4.  You're riding in the CAR with Someone besides YOURSELF - your kids, spouse, a friend.  (OK I admit I do answer when in the car with kids, rarely with husband, rarely to never when it's a friend in the car with me.) 3.  You're in a meeting!  I was in a meeting the woman in front of me DID ANSWER HER PHONE. 2.  You are with clients. The NUMBER 1 REASON to NOT Answer your phone..... 1.   You  are in the BATHROOM --- yes someone actually DID answer their phone when I called, and YES they were in the bathroom - they told me!!! Come on add to the list.... I know you've got examples..........     I take pride in helping home buyers an...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
REGRET PRICE!What is that?  Regret price is the price you would regret if you didn't pay..... this philosophy can be applied to EVERYTHING, however it works especially well with BUYERS!You know Home Buyers.... who ask ... how little can I pay, I want the best deal..... is that really the issue?  NOPE.  How many times have you heard that then the buyer doesn't get the home, they wait until it is sold and find out what was paid .... what is always said ..... "Oh drat I would have paid that!"  That is the REGRET PRICE.Now when the property is sold, and they don't get the home, when they find out what it sold for and they think, "WOW, I would never have paid that for that property."  Again - the REGRET PRICE.I'm getting my clients to start thinking about their "REGRET PRICE"  for every hous...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
SCAM ALERT - BEWARE - THIS CAN HAPPEN TO ANYONE!!! This happened right here in Tracy, CA........ I get a call from my 76 year old father.... """Susan we've got a HUGE problem, Tyler (my oldest) just called and he's in jail, got drunk, got in an accident and is Canada.  He needs $4,800 to get out as that is the damage to the car.""" Now, I can't express how panicked I was.  First, Tyler is supposed to be in Albuquerque, in the Air Force.  I quickly try to call him, Of course he doesn't answer his phone, (he's in jail); so next I send an email to his Military on base email - it simply said "Call me now".  He does - immediately. Bottom line - we was not in Canada, not in an accident, not in jail. This was a scam to cause you to panic and send money immediatley. The good news is my dad told...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
Top 10 Ways to KNOW if you are a Workaholic (Disclaimer, a colleague stopped by the office, her husband said "SO who's the work-aholic?" So what if it WAS Sunday morning at 10:00, I've never considered myself a work-aholic, but am I? Or Am I just trying to be available to my clients, day in and day out, 24/7?) What are your additions to the list...... 10) Your husband, what husband, oh yeah, I remember him......has to ask you out on a date 3 weeks in advance. 9) You hear your children say - Mom is always on the phone, she's always busy. 8) Your friends don't call anymore, they already KNOW you are can't go. 7) When you are with your husband, family and friends, they ask if you "CAN EVER put down that D*&* Phone". 6) You have to buy a bigger purse to carry your notebook, pen, phone, MLS ...
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By Susan Goulding, Northern CA - Tracy & Mountain House Real Estate
(Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management)
Today when I was listening to an agent complain..... I have too many buyers, there is not enough inventory... What happened to last year -- the complain was "I don't have enough buyers, and there is SO much inventory." Is there a happy median?  Are we ever satisfied?   We should be - does it really matter if there is too much or too little inventory?  NOPE - it is what it is - the market is the market.  So now it's up to you to make it what you want it to be. Too many buyer, too few buyers - this you CAN control.  Too many buyers, refer them to someone in your office, that is a far better alternative ( a referral fee) than to let them find someone else.  Too few buyer -- get out there and find them.  Blog on Active Rain, do whatever you do best to attract buyers, and do it to mastery.
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