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)
As I read Seth Godin's Blog this morning on Thanksgiving I realised how right he is. Thankgsiving is about just that THANKS.  How often do we think it's about FOOD?  Yes, we all eat far more than we should, and shouldn't we be thankful that we have more than enough to eat?    I especially thankful that Thanksgiving is in November and not in May - 4 weeks before bikini season! Yes, most of us spend this day with family and friends, do we really think about being thankful that we have family and friends to be WITH? I personally need to STOP and really think about everything I have to be thankful for this year. I know I have taken for granted the fact that I have my health (there was a scare that really brought this home.)  I'm thankful for a Husband that loves me and thinks I'm the only ...
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By Christina ONeal, Realtor - Ripon California
(At Home Real Estate Group)
Step by step instructions... Go to this website:  http://www.sjgov.org/treasurer/OnlinePay.htm It looks like it is for paying your taxes but it actually will give you the specific property tax bill for any house in San Joaquin County including Tracy.  You have to click on the "Don't know your parcel number? CLICK HERE to look it up by address".  Then after you know the parcel number of the property address you want to look up, click on the 'I have read and agree with the above disclaimer".  Type in the parcel number in the search criteria box & press submit.  There you go, it should pop up & gives you so much information.  How you can calculate what your future taxes are on this property, would be to take the "prop 13 tax amount" and take your future purchase price & it will be 1% for o...
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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)
I'm hope I'm not the only one who has done something really stupid -- today took the cake!  Someone please top this! 3rd time out with these buyers-- thank goodness... we're on house 8 of 15.   We go outside, I lock the front door,  I put the key in the bottom of the lockbox and push the key thingy back up into the electronic box.  That is the exact second I realize that MY CAR key and my electonic lock box key are BOTH inside the house on the railing. Now I do have my phone, so I call the agent.  This is an REO property so there is a combination lock... no answer.... ok next call agent's office... whew there actually is a person who answers the phone and they were able to give me the combination to the lock box. Crisis averted, key and electronic lock box safely back in my possession. 
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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)
Are you are first time home buyer?  Here are some answers to the questions I hear frequently... First thing you should do -- contact a great Realtor and they should put you in touch with an equally GREAT lender.  Why?  So you know exactly how  much you can afford to purchase. In today's REO - Foreclosure ridden housing market you should also be prepared to get a pre-approval from several lenders depending on how many homes you decide to write offers on .  Why is this necessary? Most large institution banks (Countrywide, Chase, Wells Fargo, Indymac, etc) will require a pre-approval from their bank.  The reason for this is 2 fold.  1) They want to be certain the buyer is viable to purchase the asset they just acquired.  2) The bank would love to recover some of their loss by suppling the ...
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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)
Here is what I see in the Tracy and Mountain House, CA housing market. We have 90% of the homes for sale in our market are distressed, either short sale or foreclosed homes.  In order to capture the buyers homes are coming on the market priced lower and lower every day. Once the property is on the market, the home gets multiple offers and sells for over asking. Then for the appraisal -- the home doesn't appraise, because everything else is priced lower. Example: Home Priced at $210,000 Price accepted  $221,000 Appraised at     $208,000 -- the bank sells the property for $208,000. We are now in a situation when short sale clients are calling appraisers hoping for a property to appraise as low as possible, and REO properties not being able to appraise any higer than the list price. So whe...
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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)
Here you go stat people- you tell me.  There are 645 homes on the market as of October 1. There are 487 pending -- yes I got that right--- we have a 1.5 month supply of houses. Is there competition for these homes, you bet. Can I under bid to get a home, I mean I've heard the news, housing prices are dropping.... is it true? The answer is simple - yes and no.  Prices have dropped and now people have to bid over asking to get the house they want.  I'll bet you didn't hear that on the news. So how do you get a home.  Hire a great REALTOR that will work for you.  Most homes are being "pre-sold" agents know they are coming and they are snatched up the day they go on the market. Don't miss this opportunity to grow you wealth.  
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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 easy answer is "Yes of course it matters."  The bigger question is how many of us have it.  True Character. My definition of Character - is "what do you do when NO ONE IS WATCHING?"  Do you take the high road or cut corners? I've defined character over the years for my children with a family motto... perhaps the Real Estate community should adopt it. It goes like this, "You can't always be perfect, you CAN always be HONORABLE." Do what's your definition of Character?
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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)
Well the Bill has been signed, the new era of mortgage lending is continuing.  Will it help or will it hurt?  Will it make a difference?  Will it really be useful?  click HERE to read the article by Inman News, I'm not sure, I can tell you that I hope I qualify to refinance my home at today's value of 1/3 what my current mortgage amount is.  Wouldnt' that be nifty.  I could continue to make the same payment and pay twice as much on my loan. Tell me what you think -- I'd love to hear it.
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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)
Might be boring, might peak your interest, but here they are, unveiled for the first time TODAY! The City of Tracy: Homes for Sale:      684  of this 684 homes 389 are Short Sales Pending Homes:      427  WOW more than half the number of homes for sale SOLD since 6/27/08 135 homes  Average:    $277,311 with 2062 square feet average days on market 49 Median:      $264.900 with 1950 square feet average days on market 21 Highest Sold  $693,000 with 417 days on market Lowest Sold   $99,000 with 0 days on market Interrupting the stats, homes are selling in the $250,000 - $400,000 price range and are selling quickly.  The Higher priced homes, the move up home, non - conforming homes, are taking a while to sell.  If you're looking for the best bargain - and you can afford it - over $500,000 is...
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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)
I thought Josh Hamilton was the story of the Game -- not after tonight.  It's good baseball. Why aren't they playing International Soft Ball rules (don't tell me it's BASEBALL I KNOW THAT) Start putting runners on base?  A tie and extra innings happened once before why is there not tie breaker after so many innings? You have to end the game for home field advantage --- WOW - I'm glad I'm not Bud Selig!  
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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 you love youth sports -- I do.  So if you're looking for some free entertainment, head out the Tracy Little League fields and watch the All Stars play ball.  Tracy American and National Little League will be hosting the Section 3 9/10 and  Major tournament.  This tournament will start next week.  Teams from all over the Bay Area will be arriving in Tracy for the priveledge of representing thier league, city and section in the Regional Tourmament. Tonights game Manteca vs Salida - 9/10's== Manteca was winning 9 - 0 after 4 innings one more run and they win the game.  5th inning Salida scores 14 runs, 18 batters batter.  Salida won 18 - 9 in 6th innings.  WOW - what a game to keep score forl Nothing like kids playing ball on a hot summer evening.
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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)
We all know what happened in the real estate business 4 - 6 years ago.  If you could sneeze you could sell a house.  Airports were asking to see your real estate license, it was easier to get than a drivers license in California.  So is this a BAD Market?  Nope, the market is the market.  It's either a Buyer's market or a Seller's market, neither are good or bad, they just are.  First I get confused so here is the simple version Seller's Market -- houses are selling Quick, Usually multiple offers, over asking, buyers are paying seller fees as concesseions, seller's are in the driver's seat.  MOST buyer's BUY in a SELLER'S MARKET. Buyer's Market --- Houses are taking longer to sell, amazingly rare for CA until 18 months ago.  Buyers are asking for concessions, buyers are getting closing ...
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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)
WOW - it's hot outside in Tracy, CA today.  The windmills are not even moving on the hills just beyond Mountain House.  There are fires everywhere in California and it's HOT HOT HOT!  The news is requesting all outdoor youth activities to be cancelled -- this won't happen it's All Stars in Little League right now. SO my question still remains -- HOW do you SHOW homes in Arizona when it's at least 108 like it is in Tracy today on a regular basis.  I now know what the word "Sweathog" means.  It was me at 9:30 a.m. showing houses.  Please I want my 90 degree days back.... I'm tired of the air conditioner running non-stop.  Yes I'm very thankful I have air conditioning but still.......
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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)
Here are the top 5 questions that home sellers in my community are asking about short sales.. 1) How much will it cost me to have you sell my home?  Answer -- you don't pay me.  The bank when it accepts the short sale will pay the commission for myself and the buyer's agent.  There are some agents who will ask for a fee upfront, or a fee to pay for a 3rd party, this is not the norm. 2) What if the bank won't talk to me about a short sale?  I hear this frequently.  The homeowner has called the bank, trying to be proactive, sometimes they are not late on their payments, YET.  Most banks will work with a homeowner once they realize that the homeowner is serious, and in real financial trouble. 3) What are the financial consequences?  We've all heard that homeowners won't be sent a 1099 -- 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)
Rule # 1 don't mention problems in your advertising --  yet is this a sound stategy in today's market? I'm thinking I short need to be asking buyers and sellers these real questions.... Do you have a problem paying your mortgage?  Do you have problems finding a REALTOR in Tracy, CA that will call you back?  Do you have problems finding a home?  There are a million more problems that buyers and sellers in Tracy and Mountain House, CA have.  I can help--- call me -- I have answers to your problems.  I have free lists of REO listings, I have success in selling short sales. I'm the local real estate economist - so call me before you believe everything you read in the media. I will give you a personalized list of homes that fit your needs and wants. Susan  
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By Andreli Ancheta
(Connect Realty)
This is so cool!  So far, all of my listings are SHORT SALE.  Some lenders are very easy to work with and some are (you know what I mean).  Overall, it's a great experience because I'm sure that short sales will come back again in the near future.  So, why not, get started with it right now in this century.  I've heard horror stories about short sale from other agents, but I don't think it's not that bad.  If you know what you're doing and you're submitting all required docs right away then it should be just fine.  These lenders have already lost a lot of their investment money, and by being sympathetic to them and letting them know that the borrowers/sellers didn't expect this to happen and didn't want them to lose their home thru FORECLOSURE... the lenders will be more than happy to h...
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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 7 Reason why EVERYONE should use a Realtor to buy a home -- especially if you are a first time Home Buyer. 1.  I will educate you about the market 2. I will listen and analyze your wants and needs 3. I will guide you to homes that fit your criteria 4. I will coordinate the work of other needed professionals 5. I will negotiate on your behalf 6. I will review paperwork and deadlines 7. I will solve any problems that may arise to the best of my ability, that leads to a win - win for everyone. There is one more - I love working with Buyers, especially first time buyers.  There are few things more rewarding than turning over the keys to a new homeowner. I live, work and volunteer in the community of Tracy, California.  I've watched Mountain House be built from the ground up.  Don't try...
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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)
1) Do Nothing == this is not the best option, but surprisingly many people do just that.  They stop answering their phones, they don't open their mail, they live in fear and just wait for the inevitable to happen.  The Sheriff to show up at their door only to tell them their home was sold at auction and they need to move. 2) Call the bank -- ask if they will do a loan modification.  Some banks may be willing to work with you if a) you still have decent credit b) your house will appraise at what 80% of the amount needed for your loan c) your financial statement, income, assets, etc can show you are worthy of a loan. 3) Pick up the phone and fina a good REALTOR who knows how to process and do short sales.  Short sales have finally caught on at most banks.  The banks are realizing that by...
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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)
Banks are baiting buyers. This is from my pespective, as a REALTOR who's daily working in the Tracy, CA housing market.  The media is about 6 months behind. Here's what is happening.... Banks are no longer waiting 3 - 6 months for a buyer to come along and offer less than asking.  Now banks are pricing thier listings so low buyers have to move IMMEDIATELY!  Prices are low, buyers are waiting for that DEAL.  What happens to these listings, they get multiple offers, well over asking and within the first 5 days.  WOW -- so the bank doesn't have to maintain or carry the listing for long. I'm waiting to see if this micro market starts driving up the prices - at least a bit. The good news is there are more and more homes coming on the market daily. If you're looking to buy -- get a great REA...
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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)
All you have to do is PICK UP THE PHONE, RETURN PHONE CALLS.  OH my -- that's all it takes. Really it is - right now most properties in Tracy and Mountain House, CA are foreclosures.  These homes are bank owned and are listed with REO agents.  I can not tell you how many buyers I've picked up simply because I answer the phone and I return emails.  They are greatful.  Currently shopping for a home, and no one is answering their phone calls. So I'm building my data base like crazy.  Call ME -- I'll answer my phone if you're looking for a home in Tracy or Mountain House, CA.  
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