Real Estate Information Archive


Displaying blog entries 1-9 of 9

New Listing, Won't Last

by The Barringer Team

Here is the perfect starter home or great investment. With 4 bedrooms and large yard just right for any family. 4 bedrooms, 2 full bathrooms Formal Living and Dining Room Dining room and hall have … This will be in our office exclusively for 3 days only. Once it hits the open market it will have multiple offers so CALL Today for your personal showing.

209-833-7777 or 1-800-894-7282


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3786 Steve Lillie Cir

Price: $119,000

Beds: 4

Baths: 2

Sq Ft: 1475

Here is the perfect starter home or great investment. With 4 bedrooms and large yard just right for any family. 4 bedrooms, 2 full bathrooms Formal Living and Dining Room Dining room and hall have hardwood flooring Family Room w/fireplace off Kitchen.

View this property >> 


Super Bowl

by The Barringer Team

I am very proud to announce that for the 3rd year Century 21 M&M is the #1 Century 21 in the World and the Barringer Team is has been the Top Producing Team in Century 21 M&M for over 5 years. Click on this Link to see a preview of the Super Bowl Commercials we will be running.

What Are Short Sales?

by The Barringer Team

Short sales, in a nutshell............


Tracy CA and Central California Foreclosures


The changing mortgage industry and a slowing of appreciation are two factors in today's real estate market contribute to the high rate of foreclosures. But here is the secret, the bank is not in the business of owning and selling real estate. They loose thousands of dollars in the process and would be much happier to settle it before it reaches that point, not because they care about you or your credit but because they will save thousands on there bottom line!!!!!! That's where a short sale comes into play. LENDERS actually prefer you to do a SHORT SALE. Homeowners who cant make there monthly payments have the option to sell there home for less then what its worth. Lenders are increasingly willing to work with borrowers faced with a financial hardship to accept a discounted payoff on a mortgage. By completing a Short Sale, your lender has arrived at a solution that is, for them, much better than a foreclosure. Bottom line, your lender wants to work with you.

What is a Short Sale?

Short Sale is the sale of a home when sales proceeds do not fully pay off the existing loan(s) and lender(s) accepts a discounted payoff to fully satisfy the loan.The best part, the existing lender pays virtually all sales costs, including commissions, escrow and title fees and repair costs. You get your home sold, the loan(s) paid off and you avoid foreclosure.

If I do a Short Sale, how much will I have to pay to sell my home?

Nothing, zero, zip. It’s true, in most cases you will pay literally no sales costs if your lender approves the Short Sale. All commissions, title and escrow fees, and even most repair expenses are paid by the lender as part of the Short Sale approval. Remember, the lenders motivation to approve Short Sales and accept the resulting losses is to avoid bigger losses through foreclosure.

How do I get started on a Short Sale?

It’s easy. Email me today and we will get started. If you would prefer to discuss it on the phone, or set an appointment call 209-833-7777 or 1-800-894-7282. There is no charge to you to or fee to you ever. The bank pays us to sell your home.

Why would a mortgage company agree to accept a Short Sale?

1)Legal Concerns – Mortgage lenders have come under legal pressure to work with borrowers to equitably resolve situations where borrowers are unable to meet their mortgage obligation, particularly when the borrower makes an effort to arrive at a compromise solution.

2)Wall Street is Watching – Mortgage lenders rely heavily on their ability to package and sell bundles of loans on the secondary mortgage market. They need to sell these bundles of loans in order to put the funds back to work by loaning the money again and collect loan fees along the way. When a home is in foreclosure its a pure loss for them.

3)Asset Management Expenses- If a lender acquires a property through foreclosure, the property will be managed until it is repaired and resold. The bank has to pay someone to make repairs, keep utilities on, and so on.....

4)Reserve Requirement- Delinquent and non-performing loans place another burden on mortgage lenders. These funds cannot be put to work generating new loan fees until the bad loans are resolved.

Do lenders approve all Short Sales?

NO. That is why it is critical to work with someone that has extensive experience at getting Short Sales approved.From the presentation of the Short Sale package to the lender to working with the lenders Loss Mitigation Department, we know how to keep the file moving towards approval.

How does a Short Sale affect my credit?

The big key here is to avoid foreclosure. By nearly any measure, a foreclosure is the most damaging event your credit status can encounter - worse than bankruptcy. By avoiding foreclosure, you will likely be able to resume normal borrowing (car loans, credit cards, consumer goods and such) relatively quickly.

What sort of hardship would my lender consider legitimate?

Each Short Sale is subject to each different lenders requirements. In General , as long as the hardship is real and the mortgage company believes the loan is likely to become delinquent as a result, the Short Sale request will be processed by the Loss Mitigation Department. A big key to getting Loss Mitigation to accept a hardship is to submit a strong hardship letter. This is something I specialize in. The hardship letter sets the tone for the entire file. Below you will find a list of “hardships” that are common and frequently accepted by mortgage lenders.

Types of hardship that apply:
Family illness or injury
Illness or injury in the extended family – particularly if it forces relocation
Job relocation when the property is equity deficient
Job loss or significant income loss
Divorce or split of domestic partners
Adjustment in mortgage payment or unforeseen increase in living expenses

How Many Homes Are Really On The Market?

by The Barringer Team

Recently we have seen buyers coming to the office or calling and having friends send them listings that are already pending. What I mean is if today you look on the mls there are approximately 350 homes active in Tracy California. But what the public does not know is we have MLS Rules that make us mark Short Sales active even though they are actually pending meaning the seller has already accepted an offer. They only allow us to mark a Short Sale pending ONLY when the BANK accepts the Short Sale which can sometimes take up to 8 months to get approval. So this is why you should  not believe all of the information you get off of these sites like trulia,, ect... Only believe what we send you through our system otherwise you are in for allot of frustration. As I stated above there are approximately 350 homes active on the MLS but there are really only 150 if you take out all of the Short Sales that already have offers. This is why there is so much competition for buyers and almost always we are in multiple offer situations. Look for Active contingent that means they already have an offer and don't get involved because the Best you could do is try and put a back up offer in but that sometimes is hard to do because these homes sometimes already have 2 or 3 back up offers already.

Came back on Market

by The Barringer Team

Check out this beautiful 3 br home with pool and over 2147 sq ft in good area for 230,000 click on link to see.

Good Advise For Life

by The Barringer Team

A Good Friend sent this to me and I feel it is so good that I just have to blog about it.




A Mayonnaise Jar and Two Beers.... 

When things in your life seem almost too much to handle, when 24 hours in a day are not enough, remember the mayonnaise jar and the 2 Beers. A professor stood before his philosophy class and had some items in front of him. When the class began, he wordlessly picked up a very large and empty mayonnaise jar and proceeded to fill it with golf balls. 

He then asked the students if the jar was full. They agreed that it was. The professor then picked up a box of pebbles and poured them into the jar. He shook the jar lightly. The pebbles rolled into the open areas between the golf balls.. 

He then asked the students again if the jar was full. They agreed it was. The professor next picked up a box of sand and poured it into the jar. Of course, the sand filled up everything else. He asked once more if the jar was full. 

The students responded with a unanimous 'yes.' The professor then produced two Beers from under the table and poured the entire contents into the jar, effectively filling the empty space between the sand. The students laughed. 'Now,' said the professor as the laughter subsided, 'I want you to recognize that this jar represents your life. 
The golf balls are the important things---your family, your children, your health, your friends and your favorite passions---and if everything else was lost and only they remained, your life would still be full. The pebbles are the other things that matter like your job, your house and your car. The sand is everything else---the small stuff. 

'If you put the sand into the jar first,' he continued, 'there is no room for the pebbles or golf balls. 
The same goes for life. 
If you spend all your time and energy on the small stuff you will never have room for the things that are important to you. Pay attention to the things that are critical to your happiness. Spend time with your children. Spend time with your parents. Visit with grandparents. Take time to get medical checkups. Go out to a nice dinner. Play another 18. 
There will always be time to clean the house and fix the disposal.Take care of the golf balls first---the things that really matter. 

Set your priorities..... 
The rest is just sand. 

One of the students raised her hand and inquired what the Beer represented.. 
The professor smiled and said, 'I'm glad you asked.'

The Beer just shows you that no matter how full your life may seem, there's always room for a couple of Beers with a friend.





Stats for January

by The Barringer Team

The following information is from the local MLS database, as of January 5 2012 and is compared to (December 1, 2011).  The market here is still dominated by short sales and REO's. There are much fewer homes available to show that even the short sales are getting multiple offers. We have seen a handful of equity sellers and many "Flips". Interest rates remain low with 30 yr fixed at 3.95% and 15 year a 3.24%. 
This is a healthy market now. There is a definite lack of good homes for sale. This is because there are many buyers grabbing them as they come out. Just call or e-mail for an hassle free appointment or to just talk about the market anytime. 1-800-894-7282 or


Tracy, CA


Total # of residential properties for sale in the city of Tracy: 288 (308)

# of REO (foreclosures): 25 (19)

# of Short Sales: 212 (243)

Average # of days on market: 88 (89)

The median price of all homes for sale in Tracy: $229,900 ($225,000)

The average price of all homes for sale in Tracy: $232,128 ($229,798)

Lowest priced home: 1bd/612sq. ft. /$50,999

Highest priced home: 7bd/4318sq. ft. /$750,000


Number of properties currently under agreement: 198 (224)

# of REO: 36 (39)

# of Short Sales: 110 (131)

Average pending price: $225,320 ($223,706)

Median pending price: $229,950 (229,975)

 SOLD Status

Residential property sold over previous 30 days: 97 homes (102)

REO’s sold in the last month: 19 (26)

Short sales sold in the last month: 42 (36)

Average sale price: $233,836 ($226,872)

Median sale price: $230,000 ($220,000)

High: 590K (7bd/3904sq. ft. home)

Low: 63,000 (2bd/810 sq. ft. home)



Mountain House, CA

 ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 83 (88)

# of REO (foreclosures): 3 (3)

# of Short Sales: 60 (71)

Average # of days on market: 88 (97)

The median price of all homes for sale in Mountain House: $299,900 ($279,950)

The average price of all homes for sale in Mountain House: $285,386 ($271,472)

Lowest priced home: 2bd/1,262 sq. ft. /$115,000

Highest priced home: 6bd/4082 sq. ft. /$427,000


Number of properties currently under agreement: 50 (60)

# of REO: 5 (11)

# of Short Sales: 32 (35)

Median pending price: $293,963 ($279,975)

 Average pending price: 285,154 (287,804)

 SOLD Status

Residential property sold over previous 30 days: 30 homes  (17 homes)

REO’s sold in the last month: 10 (11)

Short sales sold in the last month: 11 (8)

Average sale price: $289,948 ($276,171)

Median sale price: $280,000($260,000)

High: 488,000 (5bd/4051sq. ft. homes

Low: $115,000(3bd/1262 sq. ft. home)




Time to Sell

by The Barringer Team

 Good Monday Morning!

It was a gorgeous weekend in the Tracy area.  Our Spring like weather is nice, but the snow pack is suffering so far this year as a result. Many years February and March will see heavy snow fall, so to early to panic.

Inventories of homes available for sale remain at the lowest numbers in a long time.  My prediction is that this trend will hold consistent through March.  If you are considering the sale of your home this year, don't miss this window of opportunity.  Once the inventory of available homes picks up again look for longer times on the market and for lesser sale prices.  Right now is the best chance you will have this year for a home sale.  Don't delay if you are going to sell.

Have An Awesome Week!

Happy New Year

by The Barringer Team

It is hard to believe, but 2012 has roared in and we are all moving forward into the New Year! I wish you a Happy and prosperous 2012!!!

2012 starts out with a bright spot in the Real Estate market and that is the continuation of historic low mortgage interest rates. 2011 saw rates hit record lows and hold that pattern throughout the year.

 In Freddie Freddie Mac's results of its Primary Mortgage Market Survey®, the average fixed mortgage rates finishing the year near their all-time historic lows helping to keep homebuyer affordability high. Averaging 3.95 percent, the 30-year fixed has been at or below 4.00 percent for the past nine consecutive weeks and only twice in 2011 did it average above 5.00 percent. This has certainly helped the national Real Estate market by making home purchases affordable and helping to make loan qualification a possibility for many who otherwise would be out of the home purchase market.  

Will mortgage rates continue this low level during 2012?  Indications at this time point to a positive "YES"!  This should hold true for no less than the first half of 2012.  With the prediction that homes values will continue their decline in most national markets through 2012, the possibility on home ownership may become even more realistic for many.

Have An Awesome Week!

Displaying blog entries 1-9 of 9




Contact Information

The Barringer Team
Century 21 M&M and Associates
912 W 11th Street
Tracy CA 95376
Fax: 209-229-7426
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