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Check out this Home only 69k

by The Barringer Team

Check out this home county records list it as a 1br but it does have 2br's on a huge lot and close to schools and shopping. Click on link below.

http://tracyhomes.com/ourlistings/317/listing.html

Being Grateful

by The Barringer Team
I read a news story lately about a man who, although late for an appointment, stopped to help a stranger on the side of the highway change a tire.  Nice, right?  Just hold on… The tire being secure, the man gets in his car and drives off, but a couple miles up the road suffers a heart attack!  Meanwhile, the man he had just helped with the tire came along, called for help and performed CPR until medics arrived – saved his life.  If the first man had not stopped to help with that tire, the second would not have been able to get there in time to rescue him.

The message here is not original, but is a very simple and profound truth.  Soon or later, you get what you give, often multifold.  And not just the normal things you do for people in your everyday life.  It’s the special times, the times when you see an opportunity to do something meaningful for another even though it is not convenient or enjoyable for you.

As Thanksgiving approaches (for the U.S. anyway), take a minute to think about the news story I mentioned, and by turns put yourself into the position of each man.  Imagine how grateful the guy felt who needed help changing his tire that someone had enough empathy to pull over on a highway and provide assistance.  Imagine the depth of gratitude the man having the heart attack felt to have someone there who knew what to do to pull him through.  Imagine what the outcome would have been had neither of those two events happened?

What are you truly grateful for?  Who made what happen in order for that to be possible?  You never know how deeply what may seem like a simple act on your part impacts another person.  So look for those opportunities, enrich someone else’s life… as well as your own.

May You and Your Family have a Wonderful Thanksgiving.

The Barringer Family

What will a Millon Dollars will Buy you in Tracy?

by The Barringer Team
Here is what a Millon dollar home will get you in Tracy. Call for your Personal Showing.
209-833-7777.
 

Tracy, CALIFORNIA 95304
Bedrooms: 5
Bathrooms: 4
Partial Baths: 2
Listing Price: $998,000
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Bill Barringer
Team Leader
209-833-7777
The Barringer Team, Century 21 M&M and Associates 

 #1 Century 21 Company in the WORLD. SMARTER. BOLDER.FASTER.

FREE automated reported Home Reports:
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"A Referral is the Best Compliment we can receive" 

Are You Ready To Be A Landlord?

by The Barringer Team

Below is some pretty decent advise from the Wall Street Journal regarding investing in real estate called "Are You Ready to be a Landlord". I think here in Tracy its a perfect time to become a landlord. We are renting properites within a month of selling them. I offer full service property managment services as well as contractors who can get repairs done in a quick turn around time.

The goal for my clients is I want to see them get a house that's ideal for rental as well as for resale. As I am going to most likely be the property manager as well as the selling agent, its a big motivation. But the problem can be the ideal rental (which is also ideal entry level home for owner occupied) is not a secret to other buyers and they tend to attract many offers from every type of buyer. Its common even with cash to have to make 5 offers before getting one.



Call us we can discuss your next investment.

209-833-7777


Below are some highlights:

  • For the week ending Nov. 10, the average rate on a 30-year fixed-rate loan was 3.99%, not far from the Oct. 6 record low of 3.94%, according to Freddie Mac data going back to 1971.

 

  • The average monthly rent for all categories, including apartments and single-family homes, was $846 nationwide in the third quarter, up 2.5% from the same period a year earlier.
  • Government officials have been soliciting ideas for how to convert some of the foreclosed homes owned by Fannie Mae and Freddie Mac into rental.
  •  A good rule of thumb: Make a deal only if you can collect at least 1.25% of the purchase price each year in rental income. For Tracy we are looking at $1600-1850 per month for an investment of 200K-250K, which would be 9.6% to the 200k home and 8.88% for the 250K home.

 

  • When looking at properties, act like a renter, says Jeff Cronrod, president of the Boulder, Colo.-based American Apartment Owners Association. Tour the neighborhood to see if landlords seem desperate to lure tenants. Are there lots of vacancies? Are buildings offering deals like living rent free for a couple of months in order to drive up demand? If so, be wary, Mr. Cronrod says.

 

  • To ensure that a major repair doesn't break you, set aside at least six months' worth of expected rent, he says.







"The Boss"

November Podcast

by The Barringer Team

Check out our November Podcast click on link below.

http://www.talkrealty.com/billbarringer

Stats on the Market

by The Barringer Team

The following information is from the local MLS database, as of November 1, 2011 and is compared to (October 1, 2011).  The market here is still dominated by short sales and REO's.  There is such little inventory that even the short sales are getting multiple offers. We have seen a handful of equity sellers and many "Flips". Intrest rates remain low with 30 yr fixed at 4.10% and 15 year a 3.38%. These rates are inching up but are still all time low rates!Just call or e-mail for an hassle free appointment or to just talk about the market anytime.

Tracy, CA

ACTIVE Status

Total # of residential properties for sale in the city of Tracy: 335 (354)

# of REO (foreclosures): 33 (25)

# of Short Sales: 225 (255)

Average # of days on market: 85 (53)

The median price of all homes for sale in Tracy: $229,000 ($235,000)

The average price of all homes for sale in Tracy: $232,106 ($240,583)

Lowest priced home: 0bd/612sq. ft. /$50,000

Highest priced home: 7bd/5159sq. ft. /$998,000

PENDING Status

Number of properties currently under agreement: 214 (216)

# of REO: 36 (43)

# of Short Sales: 113 (113)

Average pending price: $233,685($233,685)

Median pending price: $226,750 (233,685)

 SOLD Status

Residential property sold over previous 30 days: 90 homes (100)

REO’s sold in the last month: 25 (23)

Short sales sold in the last month: 35 (33)

Average sale price: $231,061 ($238,871)

Median sale price: $220,000 ($226,000)

High: 560K (6bd/4508 sq. ft. home)

Low: 71K (2bd/672 sq. ft. home)

 

 

Mountain House, CA

 ACTIVE Status

Total # of residential properties for sale in the city of Mountain House: 89 (100)

# of REO (foreclosures): 6 (7)

# of Short Sales: 73 (70)

Average # of days on market: 101 (91)

The median price of all homes for sale in Mountain House: $280,000($287,950)

The average price of all homes for sale in Mountain House: $276,485($287,950)

Lowest priced home: 2bd/1,262 sq. ft. /$110,000

Highest priced home: 5bd/3975 sq. ft. /$446,796

 PENDING Status

Number of properties currently under agreement: 60 (71)

# of REO: 11 (11)

# of Short Sales: 37 (43)

Median pending price: $283,025 ($289,950)

 Average pending price: 286,097 (296,835)

 SOLD Status

Residential property sold over previous 30 days: 21 homes  (20 homes)

REO’s sold in the last month: 4 (4)

Short sales sold in the last month: 8 (9)

Average sale price: $301,695 ($287,962)

Median sale price: $296,000 ($299,900)

High: 429,000 (5bd/4081sq. ft. homes

Low: $152,000 (3bd/1460 sq. ft. home)

 

Displaying blog entries 1-6 of 6

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The Barringer Team
Century 21 M&M and Associates
912 W 11th Street
Tracy CA 95376
209-833-7777
800-984-7282
Fax: 209-229-7426
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